Investment Condo: 792 E Michigan St, Orlando, FL, 32806, Orlando, FL - $-5,352 Annual Profit

792 E Michigan St, Orlando, FL, 32806

792 E Michigan St - #6

$225,000

Description

Motivated Sellers Offering Owner Financing!!! Welcome to this stunning 2 bedroom, 1.5 bathroom condominium in the SODO district, offering a perfect blend of relaxation and luxury. Its prime location near Downtown Orlando and Disney World ensures easy access to all the excitement the area has to offer. This partially furnished (Some Furniture pieces from photos are not part of the sale, Please verify with Listing Agent) condominium features a brand-new roof (2023) and a spacious living/dining area with large windows that bathe the home in natural sunlight. The highlight of this property is the magnificent lake views, which can be enjoyed from the private boat access to Lake Pineloch. In addition, residents have access to fantastic community amenities, including two pools, a clubhouse, and a fitness center, ensuring a truly comfortable living experience. Owners Financing: Requirements A steady income, no eviction or bankruptcies in the last four years, and the minimum down payment is required for move in. Purchase Price - $225,000 MINIMUM Down Payment $35,000 4.63% interest rate 3 YEAR BALLOON - Must be REFINANCED or SOLD PROPERTY at 3 YEARS Don't miss out on this opportunity to own your own sanctuary in a prime location. Come and be inspired by all that this condominium has to offer. COMBO LOCK - SCHEDULE VIA SHOWING TIME FOR CODE

Property Information
Monthly Rent
$2,186
Monthly HOA
$1236
rental Policy
STR Restrictions
Yearly Taxes
$2393
Bedrooms
2
Bathrooms
2
SQFT
1,116
Furnished
unknown
Year built
1967
MLS
U8223032

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Long-Term Rental Information
Revenue
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$31,584

Expenses
Profit
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Cap rate
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Cash on Cash
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$2,186/mo

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