Under contract-accepting backup offers. Double the Rental Income, Double the Investment Success:
Unlock the potential of dual income streams with this property featuring not one, but two rental houses on a single lot. Whether you're an investor or looking to offset your mortgage, this is a golden opportunity to double the rental income and double the investment success.
Investor's Paradise - Two Rental Homes, One Smart Investment:
Calling all investors! Welcome to your paradise with two income-generating rental homes on a single lot. Diversify your portfolio and maximize your returns. It's not just a property; it's a strategic investment waiting to happen.
Income-Generating Duo - Two Rental Houses, Endless Possibilities:
Experience the power of an income-generating duo with two separate rental houses on one lot. Whether you're a seasoned investor or a first-time buyer, this property offers endless possibilities for rental income and financial growth.
Double the Leases, Double the Success Stories:
Double the leases, double the success stories! Two Houses, Twice the Financial Flexibility. This property with two rental houses is a landlord's dream. Enjoy the security of dual rental incomes and the satisfaction of a wise investment. It's not just a purchase; it's a prosperity plan & it's a smart financial move.
Dual Rental Delight - Perfect for Investors or Owner-Occupied Income:
Discover the dual rental delight of this property – perfect for savvy investors or those looking to live in one house and rent out the other. Versatility meets income potential in this unique real estate opportunity.
Invest and Nest - Live in One, Rent the Other:
Why choose between investing and nesting when you can do both? Live in one of the rental houses and let the other contribute to your mortgage. It's the perfect blend of home and investment, where you can have your cake and eat it too.
Tenant's Choice - Two Distinct Rentals, One Happy Investment:
Give your tenants the luxury of choice! With two distinct rental houses on one lot, this property offers tenants the freedom to choose their ideal living space. For the landlord, it means double the rental income and double the satisfaction.
The roof is between 5-6 yrs old.
Water Heaters 7-8 Yrs Old.
Ac Window Units 6-7 Yrs Old.
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Our Executive Mortgage Banker:
Our Insurance Division:
$145,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $116,000 | $116,000 | $116,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.282% | 6.538% |
Monthly Tax Payment | $93 | $93 | $93 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $791 | $782 | $995 |
Total Monthly Payment | $959 | $950 | $1,163 |
* 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.