Welcome to 1014 St Clair Terrace, Jacksonville, FL 32254, the ideal investment property for those seeking immediate rental income. This 2-bedroom, 1-bathroom home spans 836 square feet and is already tenant-occupied, ensuring a steady cash flow with a lease secured through October 2025.
This property offers: Reliable income with a long-term tenant in place. A manageable size for straightforward maintenance and upkeep.
Located in a desirable rental market with strong potential for future appreciation.
Situated in Jacksonville's convenient 32254 zip code, this property is close to key amenities and schools. Nearby schools include Ruth N. Upson Elementary, Lake Shore Middle, and Edward H. W. High, making this area appealing to tenants with families. The neighborhood also boasts easy access to shopping, dining, and major highways, enhancing its rental demand.
Whether you're expanding your portfolio or starting as an investor, this property is a fantastic opportunity to enjoy returns from day one.
Please do not disturb the tenant. Appointment required Friday and Saturday only, 24 Hour Notice Required
Buyers and buyer agents are responsible for conducting all due diligence, including verifying measurements, lease terms, and zoning restrictions.
Important! Please submit your highest and best by December 13th at 11: 59 PM All offers will be reviewed on December 14th.
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Our Executive Mortgage Banker:
Our Insurance Division:
$150,000
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 | $120,000 | $120,000 | $120,000 |
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 | $90 | $90 | $90 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $798 | $788 | $1,012 |
Total Monthly Payment | $963 | $953 | $1,177 |
* 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.