517/521 SE 6th Pl, Cape Coral, FL 33990
4 beds · 4 baths · 1,968 sqft
**Duplex Listing in SE Cape Coral: Perfect Investment Opportunity!**Welcome to this exceptional duplex located in the highly sought-after SE Cape Coral, just one block from the vibrant Cultural Park. This well-maintained property features two spacious 2-bedroom, 2-bathroom units, each boasting an open floor plan with tile flooring throughout, creating a modern and inviting atmosphere. One side of the duplex is being sold TURN-KEY, making it the ideal option for those looking to move in hassle-free or for investors seeking an immediate rental-ready space. The other side currently has reliable tenants in place, providing instant income potential for savvy investors. A brand NEW ROOF was installed in 2023, adding peace of mind while enhancing the property’s long-term value. Situated on an expansive triple lot, this duplex also offers lush landscaping and mature trees, creating a tranquil outdoor setting for residents to enjoy.This property seamlessly balances lifestyle and opportunity, making it an absolute must-see. Don’t miss out on your chance to own a piece of paradise in Cape Coral! Schedule your private showing and explore the endless possibilities this unique duplex has to offer! NOT IN A FLOOD ZONE.
Source: FORTMYERS #225032194
Financials
Source: FORTMYERS #225032194
Source: Public records
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 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50%. 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.
Other resourcesWhat is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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 580, 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 of Equal Opportunity Act.