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Currently occupied and income-producing with $3, 025 in total monthly rent, 1209 S Myrtle Avenue Historic District — Sanford's golf cart neighborhood presents a compelling opportunity for investors seeking immediate cash flow along with long-term appreciation in a growing Sanford market. Nestled in an established neighborhood, the property is surrounded by mature trees and lush greenery, offering a private and shaded setting that stands out from typical properties in the area. The aerial perspective highlights the home's generous lot size and prime positioning, with convenient access to nearby roadways, local businesses, and everyday amenities. The exterior presents a distinctive two-story elevation with a spacious driveway and covered lower-level entry, creating both functionality and curb appeal, while the natural canopy enhances the peaceful residential atmosphere.
Inside, the home features a bright and inviting living area highlighted by expansive windows that fill the space with natural light and provide serene views of the surrounding greenery. The open layout flows seamlessly into the kitchen, creating an ideal environment for both everyday living and entertaining. The kitchen is designed with functionality and efficiency in mind, offering ample cabinetry, generous counter space, and a practical layout, complemented by natural light and clean finishes. An additional secondary kitchen area provides flexibility for extended use, multi-generational living, or added utility, enhancing the overall versatility of the home.
The bedrooms are comfortable and well-sized, offering flexible layouts suitable for a variety of living arrangements, including guest rooms or home office setups. Natural light and neutral finishes create bright, livable spaces, while the primary bedroom stands out with its spacious configuration and added room for seating or storage. The bathrooms are thoughtfully arranged with clean finishes and practical design, featuring a tiled shower surround, updated vanity, and well-lit layout that supports ease of maintenance and everyday use. A dedicated laundry and utility area adds to the home's functionality, providing convenient washer and dryer space along with additional room for storage and organization.
With $3, 025/month in current rental income, a functional layout, and desirable Sanford location, this property offers strong tenant appeal and long-term upside through potential rent optimization or future improvements.
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RVP, Mortgage Banker
William Raveis Mortgage, LLC
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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 | $340,000 | $340,000 | $340,000 |
| 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 | $76 | $76 | $76 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,093 | $2,147 | $2,823 |
| Total Monthly Payment | $2,244 | $2,298 | $2,974 |
* 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.