Spacious Duplex in Wallkill School District - This remarkable duplex in the desirable Town of Newburgh, within the Wallkill School District, presents an excellent investment opportunity. Whether you rent out both units, accommodate extended family, or live in one unit while leveraging rental income to offset your mortgage, this property offers versatility. Each unit boasts three bedrooms, a welcoming living room, and a well-appointed kitchen. Offering a fresh and modern living space. Both units are identical in layout and showcase a deck in the front, providing outdoor enjoyment. Conveniently located near schools, I-84, Thruway, and the Newburgh/Beacon Bridge, this duplex ensures easy access for commuter transportation to NYC. Whether you're an investor, a homeowner seeking supplemental income, or someone looking for a comfortable residence, this property is a fantastic opportunity in a sought-after school district.
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William Raveis Real Estate
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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 | $471,200 | $471,200 | $471,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.171% | 6.518% |
Monthly Tax Payment | $852 | $852 | $852 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,214 | $3,132 | $4,040 |
Total Monthly Payment | $4,158 | $4,076 | $4,984 |
* 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.