Presented byJeffrey Bodeau - The Bodeau Team |
Professional photos coming soon. ***This home was affected by HURRICANE IAN*** This property is all about location and land value! Situated in the heart of Cape Coral, this spacious lot offers incredible potential for investors or those looking to build their dream home from the ground up. While the existing home on the property is not habitable and requires extensive renovation, the real value here lies in the prime location and the ample space this lot provides. Located in the highly sought-after area of Cape Coral, offering easy access to shopping, dining, schools, and more. With a bit of imagination and the right vision, this property could be transformed into something truly special. Design your dream home just the way you want it, without the constraints of an existing structure. Enjoy the Florida lifestyle to the fullest with the freedom to create your own oasis. Don't miss out on this incredible opportunity to own a piece of Cape Coral. The potential is limitless, and with a little TLC, this property can become a wise investment or your dream home in paradise.
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William Raveis Real Estate
Phone: 860.463.9296
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William Raveis Mortgage, LLC
Phone: 860.990.2486
paul.addamo@raveis.com
NMLS Mortgage Loan Originator ID 93047
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $224,000 | $224,000 | $224,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.133% | 6.256% |
Monthly Tax Payment | $37 | $37 | $37 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,528 | $1,489 | $1,889 |
Total Monthly Payment | $1,640 | $1,601 | $2,001 |
* 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.