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Welcome, Investors! Explore a lucrative opportunity with this charming property, ideal for savvy investors seeking high rental income. Situated just a few blocks from the J train station, convenience meets profitability in this prime location. Imagine owning a property nestled amidst a vibrant community, close to an array of amenities such as shops, schools, and restaurants. Your tenants will appreciate the ease of access to daily necessities and entertainment options. This investment gem boasts not one, but two apartments, each offering excellent rental potential. The first apartment yields a remarkable $3, 400 per month, while the second apartment contributes an additional $1, 380 monthly. What's more, rest assured that both units are occupied by reliable and responsible tenants who consistently honor their rental commitments. With their track record of on-time payments, your investment is poised for stability and growth. Don't miss out on this opportunity to capitalize on a small investing property with significant rental income potential. Take the next step towards securing your financial future - inquire now!
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To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$798,888
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $639,110 | $639,110 | $639,110 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.737% | 7.055% | 6.120% |
Monthly Tax Payment | $422 | $422 | $422 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,145 | $4,199 | $5,350 |
Total Monthly Payment | $4,659 | $4,713 | $5,864 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.