Presented byJason Kerwar |
Discover the perfect investment opportunity with this Two-Family Home on Wood River. This charming house boast a prime location directly on the stunning 37 Acre Wyoming pond, offering unobstructed views and serene living environment. Has a spacious lot directly on Wood River. Unit 6B offers jet tub and Four Season room overlooking the river. This unit has a long term tenant paying $1300 income rental and a lease thru June 15, 2025. Unit 6A has a 7 year tenant paying $1200 thru July 15, 2024 Each unit also has separate utilities. Units have 2 zone heating system. It has the potential to become an owner-occupied home or a rental investment property, conveniently located just 30 minutes from the University of Rhode Island. Also short drive to Narragansett, Charlestown, and Westerly beaches. This house is close to shopping, recreational activities, restaurants and more. Exceptional Chariho school system. It's a 30 minute drive to providence. Each unit features two bedrooms and one bath, complemented by a septic system replaced in 2009. Building has a flood elevation certificate. Enjoy the peaceful tranquil setting of living on Wood River in Richmond. Both units currently have long term tenants. This is great investment opportunity and not to be missed.
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$429,000
Licensed Associate Real Estate Broker
William Raveis Real Estate
Phone: 914.469.9737
Jason.Kerwar@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 845.290.3871
Matthew.DeMaria@raveis.com
NMLS Mortgage Loan Originator ID 147983
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $343,200 | $343,200 | $343,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.984% | 7.146% | 6.256% |
Monthly Tax Payment | $353 | $353 | $353 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,283 | $2,281 | $2,894 |
Total Monthly Payment | $2,711 | $2,709 | $3,322 |
* 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.