Diamond in the rough! PRICED TO SELL! Perfect for Investors looking to put some TLC into this 2/2 condo and lease it out or flip it. Furnishings stay so only some minor furnishings need to be added or a tenant can bring their own. Newer water heater and washer/dryer. Open parking, Courtyard entryway, huge open Lanai. Master Suite has a walk-in closet and ensuite bathroom. And slider’s that exit to the Lanai. The guest bedroom has a bathroom located next to it. Washer and Dryer in closet across. There is also a huge storage room with shelves. Eat-in Kitchen and separate Dining Room. Low HOA Fees only $365 month. Close to everything to enjoy paradise! Area’s best Fresh Seafood Restaurant, Merrick’s is a short drive away on 47th. Go north on Santa Barbara to many great restaurants on Pine Island Road or head west to Pine Island and enjoy all the great and wonderful things Island Life offers!
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Our Executive Mortgage Banker:
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $143,920 | $143,920 | $143,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $41 | $41 | $41 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $958 | $957 | $1,234 |
Total Monthly Payment | $1,074 | $1,073 | $1,350 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.