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Exclusive Lease-Option to Purchase Opportunity. Rent is only $2, 000 a month SPECIAL CREDIT FEATURE: HALF of your monthly rent payment - $1, 000 is credited toward the down payment when you exercise the purchase option! That's serious equity building while you live comfortably in your new home! This is YOUR path to ownership without traditional financing hurdles now. Minimum option premium of 1% ($3, 680) of purchase price required upfront. This, too, will be credited to your down payment. In just one year, you will have $15, 680 applied to the purchase price. In just 18 months you will have $21, 680 applied to the purchase price. This will make it much easier to obtain a permanent mortgage in the future. Perfect for responsible tenants/buyers ready to transition easily from renting to owning. YOUR Future Home is at 1532 NE 35th Terrace, Cape Coral, FL 33909 - a pristine, energy-efficient 4-bedroom, 2-bathroom single-family residence built in late 2023. The house was never fully lived in. The military officer transferred out of the area unexpectedly before moving in. This like-new property is NOT in a flood zone. It features an open floor plan, modern finishes, ample natural light, and a spacious backyard on a generous 10, 000+ sq ft lot - ideal for families or entertaining. Located in the peaceful Gator Circle neighborhood with easy access to schools, shopping, restaurants, and Cape Coral's beautiful waterways. Has a 4 Piece Master Suite, Guest Wing w/ 3 BRs & a second full bath. Enjoy the private covered lanai/porch. Easy access to HVAC, doors for closet (no more fighting to put them back on!). 200 amp service, 40 gallon Rheem water heater. Soft Salt Water Softening system and sulphur remover. Utilities, lawn maintenance, and minor repairs tenant/buyer responsibility. No HOA fees. Current owner pays property taxes, trash collection and building insurance. Don't miss this rare chance to rent with a built-in savings plan toward homeownership! Further details, including application process, available upon inquiry. Message or Call today!
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:
$1,995
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
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $1,596 | $1,596 | $1,596 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $10 | $10 | $13 |
| Total Monthly Payment | $85 | $85 | $88 |
* 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.