INCOME PRODUCING LAKEFRONT mobile home park with a on site BAR located in Winter Garden (Killarney), Florida! Property consists of nine park owned mobile homes and two wood frame homes as rentals PLUS the OWNERS mobile home complete with a private in ground swimming pool, for a total of TWELVE homes plus an on site BAR! Four of the eleven rentals are currently occupied however offer tremendous upside potential. The BAR is currently operating only three days a week however offers more potential with extended hours. LAKEFRONT on Lake Apopka where you can travel via boat through the locks and dams all the way to the inter-coastal. The site has a dock in need of repairs. Minutes from the FLORIDA TURNPIKE entrance and convenient to Orlando, shopping, schools and downtown Winter Garden. Many GREAT money generating opportunities here.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,650,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,320,000 | $1,320,000 | $1,320,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.500% | 7.250% | 7.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.995% | 7.354% | 7.292% |
Monthly Tax Payment | $241 | $241 | $241 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,230 | $9,005 | $11,957 |
Total Monthly Payment | $9,596 | $9,371 | $12,323 |
* 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.