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Exciting time to own property in Englewood Florida! INVESTOR ALERT! Time is ripe to invest in a stable income, rental property with added INCOME BENEFIT of a 1200 SF detached garage. Priced to provide a great cap rate of annual return. With lack of affordable housing, owning income property is beneficial, and with rental properties hard to find, this is a key asset to add to your portfolio. This remarkable 3-bedroom, 2 full bathroom, 2, 278 SF home sits on a half-acre lot in Piece-of-mind- FLOOD ZONE X, the highest and safest zone designation with low risk of flooding, where insurance rates are lower. Updates for the home include insulation (2025), roof (2024), hurricane impact windows (2023), New refrigerator (2025) hot water heater (2023), lanai screen (2024), pool resurfaced & new travertine flooring (2020), A/C with all new duct work (2016). This property includes an amazing climate controlled, JUMBO garage – 40’ x 30’ - with its own driveway, hoist and an oversized overhead hurricane impact door, with its own garage door opener, perfect for car, boat, RV storage. . This detached garage also includes an HVAC with a warranty (2023). Conveniently located near dining, shopping, and beaches, and hospitals. The 2-car attached garage includes a ventilation screen door. The beautifully cared for yard has a deep well for irrigation and offers landscaping with a variety of Florida perennials, shrubs, and a monarch butterfly garden. There are also a variety of fruit trees including mango, banana, pineapple and papaya. The home has a beautiful saltwater swimming pool located inside a newly screened lanai perfect for entertaining. This house is fully move in ready for you to take the keys and start enjoying.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$399,000
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 | $319,200 | $319,200 | $319,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.063% | 6.132% |
Monthly Tax Payment | $202 | $202 | $202 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,018 | $2,097 | $2,672 |
Total Monthly Payment | $2,295 | $2,374 | $2,949 |
* 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.