Presented byCathy Johnson |
Attention contractors, investors and builders, 2 family home sold "AS IS". This property is in need of extensive rehab. Property is vacant, not leased and can close quickly once License to Sell has been obtained. 2nd floor was Owner occupied until Fall 2023, 1st floor had not been rented in many years. Each floor has a kitchen, dining and living room with 2 bedrooms and a full bath. Newer roof Fall 2020, only one layer of shingles. No off-street parking. Side yard. Buyer/Buyer Agent to do their own due diligence and verify all information prior to submitting an offer. Great opportunity to add to your rental portfolio, or as an owner occupied rental.
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Our Executive Mortgage Banker:
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$399,000
REALTOR
William Raveis Real Estate
Phone: 978.857.2001
Cathy.Johnson@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 978.314.1072
Joanne.OKeefe@raveis.com
NMLS Mortgage Loan Originator ID 38342
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $319,200 | $319,200 | $319,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.159% | 6.623% |
Monthly Tax Payment | $337 | $337 | $337 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,178 | $2,122 | $2,759 |
Total Monthly Payment | $2,590 | $2,534 | $3,171 |
* 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.