Turnkey Short-Term Rental Opportunity in Downtown Melbourne!This .18 acre property is perfect for investors who want to enter the booming STR market or expand their portfolio. The Riverview was completely remodeled in 2020, offering a modern aesthetic while preserving old-Florida charm.This conveniently located property includes: * A 2 / 1 cottage with laundry room and screened porch * A 2-story quadplex with three 1 / 1 apartments, a studio, and a shared laundry room. Intracoastal is visible from 2nd floor. * Buildable C2-zoned corner lot4.97-star rating from 800+ Airbnb reviews. All furnishings, supplies, and website are included in sale.Last 12 months rental income: $205K gross; $160K net. Numbers continue to climb every year! Asking price reflects a 9% CAP rate.
Interest rates and APRs presented are based on current market rates, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables - call for details.
This is not a credit decision or a commitment to lend.
Depending on loan guidelines, mortgage insurance may be required
If mortgage insurance is required, the mortgage insurance premium could increase the APR and the monthly mortgage payment. Additional loan programs may be available.
APR (annual percentage rate) reflects the effective cost of your loan on a yearly basis, taking into account such items as interest, most closing costs, discount points (also referred to as "points"), and loan-origination fees. One point is 1% of the mortgage amount (e.g., $1,000 on a $100,000 loan).
Your monthly payment is not based on APR, but instead on the interest rate on your Note.
Adjustable Rate Mortgage (ARM) rates assume no increase in the financial index after the initial fixed period. ARM rates and monthly payments are subject to increase after the fixed period.
These special rates presented here are only available when you pre-qualify and are not guaranteed until lock-in.
Amounts may be rounded up. Additional fees and closing costs apply. If the down payment is less than 20%, mortgage insurance may be needed, which could increase the monthly payment and APR.
Please contact a loan specialist to get specific payment examples and information regarding your particular needs.
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Information is deemed to be reliable, but is not guaranteed. 2023 MLS and FBS. Prepared on 2nd June, 2023 14:00 MST 5.00 AM EST. The
information on this sheet has been made available by the MLS and may not be the listing of the provider. Information Deemed Reliable But Not Guaranteed.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Brevard County, Florida. Real estate
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Listing Data last updated: 2nd June, 2023 14:00 MST