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Three units. Three leases already in place. One decision to make. This is a straightforward triplex in East Orlando's Azalea Park area, and straightforward is exactly what an investor wants. No vacancy to chase, no tenant to place, no momentum to build. You're collecting rent on day one. Each of the three units is a mirror of the others: one bedroom, one full bath, a kitchen, dining room, and living room, and includes a washer and dryer. The roof was replaced in 2018. The case for this property is really a case for this location. You're sitting in the 32807 zip code, one of East Orlando's most connected corridors. SR-408 is minutes away, putting Downtown Orlando about ten minutes out and MCO about fifteen. SR-417 and Semoran Boulevard are both close, which means your tenants can get anywhere in the metro without a second thought. Baldwin Park and Winter Park are right up the road. Colonial Drive puts retail, dining, and services within easy reach. This is the kind of address that rents itself. Whether you're adding a clean, cash-flowing asset to an existing portfolio or planting your first flag in the Orlando market, this one removes the guesswork. The tenants are there. The infrastructure is solid. The location does the heavy lifting. Opportunities like this don't sit long. They don't have to.
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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 | $520,000 | $520,000 | $520,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.625% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.133% | 6.739% | 5.952% |
| Monthly Tax Payment | $345 | $345 | $345 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,993 | $3,330 | $4,318 |
| Total Monthly Payment | $3,430 | $3,767 | $4,755 |
* 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.