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One or more photo(s) has been virtually staged, AI generated or rendered. Great bones and endless potential await in this 3 bedroom, 2 bathroom Cape Coral home offering 1, 536 square feet of living space, ready for someone to bring it back to life. The roof was replaced in 2017, giving you a head start on one of the biggest ticket items, and the interior offers a mix of carpet, tile and plank flooring throughout along with an enclosed lanai for bonus living space. This property needs some love and cosmetic updating, making it a strong candidate for an investor, contractor or handy buyer looking to build equity fast, and it's currently occupied by tenants on a month to month lease, providing immediate cash flow or flexibility for an owner occupant to plan their move in timeline. Located in a solid Cape Coral neighborhood close to shopping, dining and everything SWFL has to offer, this one is priced to reflect the work needed. Don't miss this chance to add value and make it your own. Schedule your showing today. One or more photo(s) has been virtually staged, AI generated or rendered.
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Our Executive Mortgage Banker:
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$300,000
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 | $240,000 | $240,000 | $240,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.358% | 6.640% | 5.952% |
| Monthly Tax Payment | $369 | $369 | $369 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,437 | $1,515 | $1,993 |
| Total Monthly Payment | $1,881 | $1,959 | $2,437 |
* 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.