Are you looking to buy or sell a home in the Davenport area? Click here to get started www.coldwellbankerhomes.com/fl/orlando/agent/alan-brown/aid_247357/
20% of the purchase price for a down payment is the minium when buying a rental property.. Single family homes in Solterra run anywhere from $650,000 to $850,000 generally, there are homes that sellfor more. Taking $700,000 purchase price 20% would be $140,000 down payment.. When you factor in the cost of getting a loan for the balance of $560,000 when loan fees, proration of property taxes and HOA dues, etc you are looking at around additonal $10,000 to $12,000 in addition to the $140,000 I mentioned above. Many homes in Solterra are currently being used as short term vacation rentals. A mortgage lender would be able to give you a very accurate amount that you would need to close. If you need me to provide you with people who do mortgage loans let me know, I'll be happy to provide you with their contact information. Let me know if you have other questions.
Are you looking to buy or sell a home in the Davenport area? Click here to get started www.coldwellbankerhomes.com/fl/orlando/agent/alan-brown/aid_247357/
I live here 😊
Nice place to live
How much down would I need down to turn this into a rental property. Property maintenance and taxes included .
20% of the purchase price for a down payment is the minium when buying a rental property.. Single family homes in Solterra run anywhere from $650,000 to $850,000 generally, there are homes that sellfor more. Taking $700,000 purchase price 20% would be $140,000 down payment.. When you factor in the cost of getting a loan for the balance of $560,000 when loan fees, proration of property taxes and HOA dues, etc you are looking at around additonal $10,000 to $12,000 in addition to the $140,000 I mentioned above. Many homes in Solterra are currently being used as short term vacation rentals. A mortgage lender would be able to give you a very accurate amount that you would need to close. If you need me to provide you with people who do mortgage loans let me know, I'll be happy to provide you with their contact information.
Let me know if you have other questions.