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Look what we have here in Gaffney! This property offers well over an acre of land bordered by a natural creek and surrounded by forest. Perfect for enjoying abundant wildlife in a private setting. The 2BR/2BA de-titled manufactured home sits on a block foundation with metal roof, working HVAC, and new water heater. While it needs to be cleaned-out and could use a little cosmetic updating, it has great potential for someone to make it their own piece of private paradise, or multi-unit property or ??? Would also make a great addition to a rental portfolio with the potential for multiple home sites. EXTRA: A second small 3BR mobile home (no title) on site needs to be torn-down, but the septic and hook-ups are in place for another home to replace it if desired. Two wells (condition unknown) are also on the property, along with public water, septic, multiple storage buildings and carport that convey with purchase. This home should qualify for most types of traditional financing. Ask for details.
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Our Executive Mortgage Banker:
$99,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $79,200 | $79,200 | $79,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.990% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.285% | 6.132% | 5.415% |
| Monthly Tax Payment | $67 | $67 | $67 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $450 | $474 | $631 |
| Total Monthly Payment | $592 | $616 | $773 |
* 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.