Investment Opportunity Alert! This outstanding rental home in Sarasota presents a lucrative prospect for savvy investors. Boasting 6 bedrooms and 3 bathrooms, this spacious 1625 square feet residence is currently generating income with each bedroom leased out.
The expansive master bedroom exudes a refreshing ambiance, illuminated by natural light. It offers a sizable closet and a beautifully appointed bathroom, ensuring comfort and convenience. Throughout the home, luxury vinyl plank flooring creates an elegant yet durable foundation, complemented by neutral tones that enhance the open and airy atmosphere.
The kitchen is a highlight, featuring ample cabinet and counter space, along with brand new stainless steel appliances and updated lighting fixtures. Two additional bedrooms offer generous proportions and ample closet space, catering to tenants' comfort.
Beyond its interior charms, this property offers practicality with space for multiple vehicles, a boat, or camper, making it an ideal choice for vacation rentals. Situated in the vibrant locale of Sarasota, it offers proximity to everything—whether it's the pristine shores of Siesta Key, diverse shopping options, gourmet dining experiences, or exciting entertainment venues.
Don't miss out on this exceptional opportunity! Schedule your tour today and seize the chance to own a promising investment property in one of Florida's most sought-after destinations.
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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 | $423,200 | $423,200 | $423,200 |
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 | $289 | $289 | $289 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,887 | $2,813 | $3,629 |
Total Monthly Payment | $3,267 | $3,193 | $4,009 |
* 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.