18568 Flamingo Rd, Fort Myers, FL 33967
3 beds · 1 baths · 1,118 sqft
Get a free consultation call with an expert in the mortgage assumption process.
INVESTORS! PRIME LOCATION, AFFORDABILITY, BEAUTIFUL LANDSCAPING & RENOVATION LENDING AVAILABLE FOR BUYERS! NO HOA FEES! This charming 3-bedroom, 1-bath home, with an additional guest house, offers an incredible investment opportunity in a prime location. The property includes a spacious backyard with room for a pool, spa, or even boat storage. With no HOA fees and the possibility of renovation lending for qualified buyers, this property provides a great potential for added value. The separate guest house offers rental income potential, making it perfect for both long-term and short-term rentals. KEY HIGHLIGHTS: Prime Location: Close to beaches, major attractions, and amenities. Rental Potential: Ideal for AIRBNB and other short-term rentals. Attractions Nearby: Koreshan State Park, Mound Key Archaeological State Park, Six Mile Cypress Slough Preserve, and more. Flexible Usage: No HOA fees, no restrictions, perfect for both homeowners and investors. Renovation Lending Available: For qualified buyers, making upgrades easy. The backyard is filled with lush trees and fruit-bearing plants, providing a peaceful and serene setting to unwind. Additionally, the two large storage sheds offer plenty of space for tools, equipment, and personal items.This home is situated just minutes from the beach and provides easy access to recreational opportunities, including the ongoing transformation of the Bonita Estero Rail Trail (BERT) into a vibrant trail town. The area's appeal is only growing, with the development positively impacting the community.The property is ideally located near US 41, just 14 minutes from Fort Myers International Airport, offering convenient access for travel. You’ll also find a wide variety of local attractions, such as upscale shopping at Coconut Point, gourmet dining, entertainment, and more—all within easy reach. Don't miss this fantastic opportunity to invest in a prime location with endless potential for growth and return on investment!
Source: NABOR #224075469
Source: NABOR #224075469
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 620, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.