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Rare opportunity. This 5-bed/5-bath single-family residence in Fairlawn features in-law quarters. House has 2962 square feet, sitting in a 6750 square feet lot. Ideal for a large family. The main house has 2 bedroom, and 2 bathroom and features three additional rooms with separate closets and bathrooms, each with a separate entry door in the right side of house, offering flexible use options to fit a variety of needs.
Priced dynamically for investors, this prime property is located in Miami’s rental-heavy 33144 zone. Situated in a central, highly walkable Miami neighborhood near SW 8 street, Coral Gables, and Miami International Airport with close proximity to schools, groceries, shopping, and major employment hubs makes this a highly desirable spot.
Gated entry with a multi-car driveway to easily accommodate parking. Large lot footprint allowing for a private patio/yard space in the back of the main house with 2 separate cabanas.
No HOA. AS-IS sale with right to inspect.
Note: Buyers are advised to consult Miami-Dade County or City of Miami zoning guidelines regarding rental and permitted uses prior to purchasing. Complete history of all building permits for new roof and additions are available upon request.
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$900,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $720,000 | $720,000 | $720,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.218% | 6.133% | 6.183% |
| Monthly Tax Payment | $1,310 | $1,310 | $1,310 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,259 | $4,317 | $6,076 |
| Total Monthly Payment | $5,661 | $5,719 | $7,478 |
* 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.