|
THIS IS IT, YOU BLINK YOU WILL MISS THIS PRICE ADJUSTMENT. INCOME PRODUCING PROPERTY. This brand new construction at 3101 Pickfair Street in Orlando, Florida delivers modern elegance and real financial potential, offering two rentable spaces designed to generate income from day one. The main home features 4 bedrooms and 3 bathrooms with approximately 2, 483 square feet of beautifully finished living space, while the detached unit is a 550 square foot private suite with one bedroom, an In suite full bathroom, and a separate living room dining room kitchen combination, making it a true independent residence. This detached unit can rent for about $2000 per month, significantly lowering your monthly mortgage payment and increasing your return on investment. This setup gives you full flexibility to rent both buildings out for maximum income or live in the main home and rent the detached suite to offset your mortgage. Inside the main home you will find wood floors throughout, tall ceilings, a gourmet kitchen with quartz counters and a large island, and generous windows that fill the home with natural light, all within an open concept layout that feels luxurious and easy to maintain. The exterior includes a long paver driveway, modern curb appeal, a fenced yard, and the freedom of having no homeowners association. The location adds even more value, just 2 point 8 miles from Lake Eola Park and downtown Orlando, within 2 miles of Publix and Target, less than 1 mile from Starbucks, about 20 minutes from Orlando International Airport, and roughly 10 minutes from Orlando Executive Airport, making it highly appealing to long term renters, traveling professionals, and multigenerational tenants. With brand new construction that requires minimal maintenance and strong rental potential from both units, 3101 Pickfair Street is an exceptional opportunity for investors and savvy buyers seeking lifestyle, income, and long term value in one central Orlando address.
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:
$895,000
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 | $716,000 | $716,000 | $716,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 5.750% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 5.585% | 5.806% |
| Monthly Tax Payment | $463 | $463 | $463 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,009 | $4,178 | $5,898 |
| Total Monthly Payment | $4,564 | $4,733 | $6,453 |
* 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.