Limited time: Pay only $1,000 to assume a low rate mortgage when you sign a purchase contract between 12/11/24 and 1/10/25 *
1 of 41
$694,900

7542 Marker Ave, Kissimmee, FL 34747

8 beds · 7 baths · 3,412 sqft

LISTED UNDER APPRAISED VALUE!!! This great deal is an exceptional short-term rental investment opportunity or a beautiful primary residence! Stunning 8-bedroom, 7-bathroom residence offers everything you need for luxurious living or a lucrative rental property. Perfectly situated in a prime location, with easy access to all major highways and 15 minutes from Disney World and Universal Studios. Ask about the interior design package to turn this home into Disney's Winter Wonderland and Universal's Harry Potter ride. Also, we have an option to convert the garage into a massive game room for vacationers -- ALL OF THIS for under $25k. Let's make this easy and turnkey for you! This home has TWO primary bedrooms - one downstairs and one upstairs. There are FIVE bedrooms that have private bathrooms as an ensuite - perfect for family vacations. Each room is thoughtfully designed to provide comfort and privacy. Dive into the private oasis outside with a beautiful Garden and relaxation while you enjoy the Florida sunshine. Open-Concept Living: Expansive living spaces with plenty of room for entertaining. Chef's Gourmet Kitchen: Fully equipped with newer stainless steel appliances, granite countertops, and ample storage. Furnishings: The home comes partially furnished, making it move-in ready or rental-ready from day one -- see attachments for detailed list. Dive into the private oasis spa outside with a beautiful Garden or relax in the pool while you enjoy the Florida sunshine. The Covered patio and BBQ area are perfect for outdoor dining and entertaining. Rental Potential: Average Nightly Rate: $250-$350. Located just minutes from Disney World, Universal Studios, and other major attractions, ensuring high demand and occupancy rates. Allow us to help you get this up and running as a short-term rental property! We guarantee to beat local pricing! Schedule your showing today and download our custom design packages today! Don't miss out on this incredible opportunity to own a piece of paradise in one of Florida's most sought-after locations. Whether you're looking for your forever home or a high-performing rental property, 7542 Marker Ave is the perfect choice.

Estimated
Seller's interest rate
2.75%
7%
Estimated
Principal & interest
$1,755/mo.
$2,754
You may also save up to $322,660 in total interest paid.
Listing price
$694,900

Your cash down payment
$294,900
Seller’s estimated current equity is $294,900
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with a 2nd mortgage.
Estimated $1,755 monthly payment

Financed
$400,000
Assumed mortgage 2.75% • Seller's rate
$400,000
2nd mortgage 9.25% • No prepay penalty
$0

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
Details
Home
Size
3,412 sqft
Price per sq ft
$209
Lot size
0.13 acres
Year built
2016
Type
Single Family Residence
HOA dues
$570.00

Source: STELLAR #o6228570

Loan
Remaining term
26 years, 11 months
Rate
2.75%
Monthly P&I
$1,755
Remaining loan balance
$400,000

Source: Public records

How it works

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

Tour

Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.

Offer

Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.

Close

Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.

Who can qualify

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.

Frequently asked questions

What is Roam?

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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?

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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?

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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?

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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?

expand content

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.

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Last updated: Oct 30, 2024 08:21 am
Listing agent: Liz Boyce (407) 784-4919
Listing provided courtesy of: CHARLES RUTENBERG REALTY ORLANDO (407) 622-2122
Details provided by STELLAR and may not match the public record.
MLS ID: #o6228570
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2024 MLS GRID. All Rights Reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$1,755/mo
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