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What a great investment, especially for those looking to generate and build wealth with an owner occupy scenario. This 3 unit is just around the corner from Whites Park and the Franklin Pierce Law school. You will never have to worry about tenants. Last time unit 1 was up for rent there were over 50 applications! Everything has been updated in Unit 1 and Unit 2 on the first floor, Unit 3 is gorgeous and has such charm with all the built ins and additional storage in the attic and front hallway. Two decks and two covered porches give plenty of exterior entertaining space. 2 parking spots behind the property and plenty of on street parking make this an exceptional opportunity for the commuter however if you work in town you are short walk to downtown and all Concord has to offer. All the systems have been updated in the last 5 or so years and there is low maintenance and high yeild potential. Check the attached docs for financials. Don't delay, this is an income generator!
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $519,920 | $519,920 | $519,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.737% | 7.055% | 6.120% |
Monthly Tax Payment | $864 | $864 | $864 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,372 | $3,416 | $4,352 |
Total Monthly Payment | $4,328 | $4,372 | $5,308 |
* 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.