FANTASTIC 20, 000 PRICE IMPROVEMENT on this TOTALLY UPDATED 1 bed, 1. 0 bath villa in highly desirable and excellently managed Jamaica Royale. This unit entered the rental pool in March of 2023 and is already on the books to do 50, 000 gross this year. Current owner bought it and totally updated it. Gorgeous new kitchen with stainless appliances and farmhouse stainless sink with rich granite counters and completely matching backsplash. The kitchen is open to the dinette and living room and the dinette features a banquet with built in storage that acts as seating and makes the area seem so much larger. Matching Hard wearing and easy to maintain wood look vinyl plank flooring throughout All the furnishings are new including two full beds in the Master to add versatility to your rental offering. Completely updated bath, new vanity, tub and shower surround etc. All of the windows and the slider and the door have been upgraded to impact and you get an extra quiet unit that’s also extra secure and comfortable. A unit that you will love using yourself and will rent well too. Assigned Parking right outside your unit. AC from 2011. When staying at Jamaica Royale Siesta Key, guests enjoy quiet, beachfront seclusion where they can soak up the sun, cool off in the water, and view the beautiful sunsets. Beach lounge chairs are supplied on the private beach in front of the complex and around each of three pools. 300’ of Private White Sandy Beach on Siesta Key Beach and Lush Tropical grounds. Walk or take the trolley to the village or the south village area as well. Use it yourself and for your family or just sit back and let the rent come in!. Unit is being sold turnkey furnished. Because this is a condotel normal conventional mortgages do not work. Please present offers with proof of funds and/or an approval for a portfolio loan. Sale is subject to existing bookings. This unit rents very strong - please be patient for showings.
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:
$624,900
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 | $499,920 | $499,920 | $499,920 |
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 | 7.945% | 7.171% | 6.538% |
Monthly Tax Payment | $379 | $379 | $379 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,410 | $3,323 | $4,286 |
Total Monthly Payment | $3,880 | $3,793 | $4,756 |
* 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.