Offered as an investment property only until October 30th, 2024. Signed standard lease 12-months contract, $1, 995/month (annual income $23, 940). The property is located on the 4th floor, facing Trapelo Rd. Laundry in building on the first floor near the elevator, no washer/dryer allowed in the unit per condo rules. The unit has 1 BR, 1 bath, an open concept LR/DR/kitchen which opens to a balcony. Several large closets in unit for ample storage and an additional storage unit in the basement, deeded. No deeded parking but spaces are available at the nearby gas station for rent. But stop to Waverley Sq. (connect to the commuter purple train) and across the street to Harvard Sq. (T- red line). Belmont, in general and Cushing Sq. specifically offer a vibrant atmosphere with restaurants, cafes, fitness studios, local great shops, parks, an outdoor town public pool, and more - a perfect balance between city and suburban life, only about 5 miles away from Boston
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Our Executive Mortgage Banker:
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $380,000 | $380,000 | $380,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.893% | 7.171% | 6.623% |
Monthly Tax Payment | $210 | $210 | $210 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,560 | $2,526 | $3,284 |
Total Monthly Payment | $2,845 | $2,811 | $3,569 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.