Nestled in the heart of Leesburg, this investor's dream property offers endless potential for those seeking a profitable venture. Situated on an expansive lot, this home is ready for transformation, featuring solid bones and ample space to customize. The property's prime location, close to shopping centers, restaurants, and schools, adds tremendous value for future tenants or homeowners. Boasting a spacious floor plan, it provides a blank canvas for creative upgrades that could turn it into a beautiful family home or lucrative rental property. Inside, the home has an open layout with abundant natural light streaming through the windows. The sizable kitchen area offers ample room for a modern redesign, and the existing cabinetry provides a strong foundation for improvements. Adjacent to the kitchen is a cozy dining space, perfect for gatherings once updated. Bedrooms are generously sized and await a modern touch, making this property ideal for families or multiple tenants. Bathrooms are also spacious and can be revitalized into stylish, functional spaces. The backyard is a true asset, offering plenty of room for outdoor entertaining, gardening, or even future expansion. With mature trees and lush greenery, the outdoor space is both private and serene, adding an extra layer of appeal. This property’s location provides easy access to major highways, making commutes a breeze for residents. Whether you’re an experienced investor or a first-time buyer looking for a fixer-upper, this property holds boundless potential. Act fast to seize this rare opportunity to create something truly special in a growing area of Leesburg.
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William Raveis Real Estate
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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 | $100,000 | $100,000 | $100,000 |
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 | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $54 | $54 | $54 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $665 | $665 | $843 |
Total Monthly Payment | $794 | $794 | $972 |
* 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.