Perfect turnkey investment property in Mission Hill on historic Huntington Avenue. This brownstone three family with 2 parking spaces was completely updated in 2023 with 3 new modern kitchens, 6 new full bathrooms, new in unit laundry for each unit, as well as a new roof, updated electrical service throughout, and a structural overhaul of the rear decks. Nothing to do but collect rents. Highly desirable location near the Longwood Medical area, with both the Mission Park and Riverway green line stops right outside the front door, and a great proximity to several area universities. This property is currently generating a monthly rental income of $17, 900 per month for 9/1/23 to 8/31/24 (Unit 1: $5, 000, Units 2 & 3: $6, 250 each, 2 Parking Spaces $400 each). Projected rent of $18, 825 per month for 9/1/24 to 8/31/25, with two new leases already signed for Unit 1 and Unit 2. Private/group showings only. Reach out today to schedule your appointment!
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,560,000 | $2,560,000 | $2,560,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.430% | 6.851% | 6.664% |
Monthly Tax Payment | $1,773 | $1,773 | $1,773 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $15,555 | $16,604 | $22,300 |
Total Monthly Payment | $17,453 | $18,502 | $24,198 |
* 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.