|
West Riverside Heights income property. $3110/MONTH PAYMENT STANDARD for 3-bedroom Section 8 rental rate in 33607, giving the buyer an opportunity for even greater cash flow than currently producing. Cash-flowing investment opportunity situated within the rapidly appreciating West Riverside Heights district. This duplex is comprised of two 3-bedroom, 1-bathroom units with a combined 1, 864-square-foot footprint. The property has recently been upgraded with BRAND NEW Hardie Board siding, trim, exterior paint, and a brand new exterior fence. The AC was recently upgraded in 2022. The bottom unit is currently vacant, while the upstairs tenants are signed to long-term leases. Allowing the buyer to live in one unit and rent out the other, or lease both units if desired. The centrally located property is located minutes from Raymond James Stadium, Hillsborough Community College (the proposed future site of the Tampa Bay Rays), St. Joseph’s Hospital, Armature Works, and the University of Tampa. Charming and well-performing, this West Riverside Heights gem is ideal for those seeking an immediate cash-flowing asset with the potential for long term appreciation.
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:
$484,900
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 | $387,920 | $387,920 | $387,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.524% | 5.866% |
| Monthly Tax Payment | $375 | $375 | $375 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,323 | $2,420 | $3,195 |
| Total Monthly Payment | $2,773 | $2,870 | $3,645 |
* 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.