Attention institutional investors your next investment opportunity is calling. Located in the heart of "Old Odessa, " this property and neighborhood is ripe for redevelopment. Take a look at our location on the map, survey the area, and feast yours eyes on the opportunity before you. Pasco County wants this neighborhood redeveloped and will give their blessing to a wide variety of projects on this land. Neighboring properties are looking to sell, and some have already been snapped up by investors in anticipation of redevelopment. This is your chance to get in on the ground floor of an exciting redevelopment project.
Don't let the old key west pink exterior paint job fool you, the interior of this home has been completely renovated with porcelain tile, bamboo floors, hurricane impact windows and doors, LED flush mount lighting, matching granite counter tops in the kitchen and bathrooms, all wood cabinets, brand new A/C (2022), new roof (2022), structured wiring (Cat 6 internet and coaxial cable in every room) and much more. 4 bedrooms, central living room with gorgeous open kitchen and dinette, formal dining room, 2. 5 bathrooms, 2 car garage with and a large 2 car carport. Modern floor plan with Master Bedroom on opposing side of home away from bedrooms 2, 3, and 4.
Rent the house for income while your development project comes to fruition.
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RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $639,920 | $639,920 | $639,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.055% | 6.256% |
Monthly Tax Payment | $476 | $476 | $476 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,257 | $4,204 | $5,397 |
Total Monthly Payment | $4,825 | $4,772 | $5,965 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.