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Property Description
INVESTMENT OPPORTUNITY IN OAK RUN ? TENANT ALREADY IN PLACE!
Looking for an investment property with established rental income? This 2-bedroom, 2-bath Dogwood model in Oak Run Country Club offers an excellent opportunity for an investor seeking a tenant-occupied property in one of Ocala's established 55+ communities. A tenant is currently in place on a one-year lease, allowing the new owner to step into an existing rental arrangement without immediately searching for a tenant. This makes the property especially attractive for an investor looking to add a rental property to their portfolio. Inside, the home features an open floor plan, updated kitchen with island and contemporary finishes, distinctive barn doors, updated living-room windows, and easy-care flooring with no carpet. A 1-car garage with additional storage adds convenience. The private fenced backyard features bamboo and mature landscaping for added privacy, while the spacious lanai provides additional space to enjoy Florida living. Important improvements include a roof replaced in November 2019 and a 2-ton, 14 SEER A / C system installed in April 2022. Located in Oak Run Country Club, a desirable 55+ community in Ocala, this property combines an established location with the advantage of an existing tenant.
INVESTORS ? WHY START FROM ZERO? Purchase a tenant-occupied property and begin with an existing lease already in place.
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Assumptions and Disclosures
- 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.
- Calculations are generated by Open Source mortgage calculation software tools using common mathematical formulas. All calculations should be independently verified.
- Please contact a loan specialist to get specific payment examples and information regarding your particular needs.