Under contract-accepting backup offers. Uncover the charm of this 2-bedroom, 2-bathroom home, ideal for investors and first-time homebuyers alike. With 1323 square feet of customizable space, including a versatile bonus room from a garage conversion, this property is a blank canvas waiting for your personal touch. Built with concrete block and stucco and enhanced with a newly upgraded (2018) roof, it's a solid choice for any renovation project.
Featuring a screened-in back porch for leisurely Florida living and a handy storage shed, this home is nestled on a quiet private road, offering a peaceful retreat. The adjacent lot is under separate ownership and currently available for sale presenting additional possibilities for expansion or extra outdoor space.
This home is a perfect find for those searching for an "investment opportunity" or "starter home" in Inverness, blending the peacefulness of a rural setting with the convenience of nearby local amenities. One or more photos have been virtually staged.
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Our Executive Mortgage Banker:
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$180,000
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 | $144,000 | $144,000 | $144,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.282% | 6.538% |
Monthly Tax Payment | $26 | $26 | $26 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $982 | $970 | $1,235 |
Total Monthly Payment | $1,083 | $1,071 | $1,336 |
* 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.