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One or more photo(s) has been virtually staged. Beautifully renovated and furnished, this versatile investment property presents a rare opportunity with established income already in place. Currently operating as a licensed assisted living facility with a tenant secured through December 2027, the property offers immediate cash flow potential at $4, 500/month. Situated in a convenient Seminole County location and within a well-established golf community in Casselberry, this home sits on a spacious, oversized 0. 36-acre lot. Inside, the 4-bedroom, 3-bath bright, open layout features a functional split-bedroom floor plan designed for both comfort and privacy, making it well-suited for assisted living, group home use, residential care, or future residential occupancy. Recent improvements include updated electrical wiring, new plumbing, and a newer roof on the west side of the home. The updated kitchen offers stainless steel appliances, abundant cabinetry, pantry storage, and expansive granite countertop space ideal for daily operations or shared living functionality. Interior highlights include laminate flooring throughout, updated fixtures, spacious living and dining areas, and a cozy fireplace in the main family room. The primary suite features a private en-suite bathroom with granite vanity countertops and a double closer. Additional features include an attached 2-car garage, massive circular driveway with ample parking, large screened patio, and an expansive backyard offering flexibility for outdoor enjoyment or future enhancements. Minutes away from shopping, restaurants, parks, AdventHealth ER, and the Oviedo Medical Center, this is an exceptional opportunity for investors seeking an income-producing property in one of Central Florida’s most accessible and desirable areas.
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Our Executive Mortgage Banker:
Our Insurance Division:
$499,000
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
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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 | $399,200 | $399,200 | $399,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.424% | 6.628% | 5.933% |
| Monthly Tax Payment | $444 | $444 | $444 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,426 | $2,521 | $3,315 |
| Total Monthly Payment | $2,945 | $3,040 | $3,834 |
* 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.