Under contract-accepting backup offers. SUBMIT HIGHEST & BEST OFFERS. Looking for a Turnkey duplex that is fully occupied ? The subject property is currently being rented out below the market rents in the area, no big ticket items need to be replaced at this time, and is cash flowing. Both sides of the duplex are occupied, Both sides are 2/1, each side rents for $1150 a month, and are on 12- Month leases. According to the owner of record the roof is approximately 15 years old, Central ac/ heat (approximately five years old) and the utilities are on separate meters. Tenants would like to remain in the property.
*DO NOT DISTURB THE TENANTS OR THE PROPERTY>Showings are made by appointment only.
Seller will review all offers on 4/15/2024
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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 | $187,120 | $187,120 | $187,120 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.133% | 6.256% |
Monthly Tax Payment | $215 | $215 | $215 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,276 | $1,244 | $1,578 |
Total Monthly Payment | $1,566 | $1,534 | $1,868 |
* 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.