Incredible investment opportunity in this charming Englewood neighborhood located just 2-1/2 miles from Englewood Beach. While this property has been impacted by recent flooding from Hurricanes Helene and Milton, the homeowners took swift action to remove affected drywall and quickly dry the house out.
This house features a welcoming covered front porch and an extra wide driveway for ample parking. This home has an ideal floor plan featuring two en-suites located on each side of the house, one with a direct entrance from the garage. The heart of this home is an open dining and living area with a pocket slider leading to a lanai with vinyl windows. A cozy kitchen is located just off the dining area and has direct access to the oversized garage, and tile floors extend throughout the entire home. A large backyard with a vinyl privacy fence offers lots of options for outdoor enjoyment. Important features of this property include public water and sewer, AC system in 2014, and roof in 2011. Once this house has been updated and restored, the possibilities are endless with how you can enjoy the rewards of your investment.
Clintwood Acres is a quaint neighborhood with minimal deed restrictions and ideally located close to area shopping, dining, medical facilities, and just minutes from charming Old Englewood Village. This area is known for a popular farmers market, car shows, festivals, boutique shops, art galleries, coffee shops, and restaurants making it a great year-round destination. Several nearby beaches, marinas, parks, and two Spring Training facilities are also just a short drive away. If you are looking to double your investment opportunity, 1790 Loralin Drive just across the street is also available! Make the investment and start earning great rental income or fix it up and call Englewood home.
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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 | $144,000 | $144,000 | $144,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.563% | 7.159% | 6.276% |
Monthly Tax Payment | $282 | $282 | $282 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $958 | $957 | $1,214 |
Total Monthly Payment | $1,315 | $1,314 | $1,571 |
* 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.