INVESTOR ALERT- Completely remodeled condo-hotel unit in the Galleria Palms located close to parks, dining and entertainment. This suite has just completed $17, 000 in remodeling and features 2 queen beds, upgraded with crown molding, new tile flooring throughout, new paint, lighting, artwork, furnishings, wall-mounted 49in flat screen TV, granite vanity with microwave, mini-fridge, coffee maker, wet bar, upgraded wi-fi, iron/ironing board and USB ports in the lighting fixtures all for your convenience. Bathroom offers dual sinks with granite counters. Complimentary shuttle service to parks and a hot breakfast served daily in lobby. Newer roof, windows and A/C units have all been recently installed making The Galleria Palms the perfect opportunity to be your 1st investment or add to your current portfolio as a turn-key suite. Take a swim in the pool and relax on sun deck! This condo-hotel offers investors the perfect combination of hassle free investment and a wonderful place to stay while in the Orlando area. There is a full-time property management company. *Owners cannot occupy longer than 14 days at any one stay. The unit cannot be removed from the onsite rental program.
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Our Executive Mortgage Banker:
Our Insurance Division:
$63,000
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 | $50,400 | $50,400 | $50,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.582% | 7.159% | 6.518% |
Monthly Tax Payment | $77 | $77 | $77 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $344 | $335 | $432 |
Total Monthly Payment | $496 | $487 | $584 |
* 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.