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Calling all investors—this is the kind of opportunity that gets attention fast. Located in the popular central Lakeland area, this 3-bedroom, 2-bath single-family residence offers the combination investors are always searching for: a long-term tenant already in place, major updates completed, and upside potential moving forward. The property features a new roof installed August 2020, helping reduce one of the biggest future capital expenses for the next owner. Inside, the home offers a desirable and functional floor plan with updated laminate flooring throughout and an interior that shows great overall. The kitchen is also in great condition, creating strong appeal for both current and future occupants. The layout provides comfortable living spaces with a natural flow that makes the home feel larger and more inviting. Outside, the property continues to deliver with a 2-car covered carport, an extended long driveway for additional parking, and a large lot with no rear neighbors, providing added privacy that tenants appreciate. Additionally, outside offers additional enclosed storage right off the carport. Even better—NO HOA, giving owners more flexibility and fewer restrictions. Positioned in Lakeland with access to major commuter routes, shopping, dining, and nearby destinations such as Bonnet Springs Park, the area continues to see strong growth and demand. Investment properties with updated interiors, newer roofs, no HOA, privacy, and tenants already in place are becoming increasingly difficult to find at attractive price points. Whether you’re expanding your portfolio or securing your next income-producing asset, this is an opportunity investors will want to move on quickly.
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Our Executive Mortgage Banker:
Our Insurance Division:
$168,300
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 | $134,640 | $134,640 | $134,640 |
| 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 | $212 | $212 | $212 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $829 | $850 | $1,118 |
| Total Monthly Payment | $1,116 | $1,137 | $1,405 |
* 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.