|
Are you searching for an income-producing property with potential for expansion and over a million dollars in additional return on your investment? Look no further! This property is updated and easily rented with three rental incomes possible, along with an ATTACHED BUILDABLE LOT on the back of the property that is zoned multi-family and can be developed with a strong $1. 2M NOI on the back lot alone! This is NOT just a charming home. It is a rare opportunity to own a piece of history that has been lovingly updated and restored while also adding the creature comforts now found during the time the home was built. A/C, Heatpump with sanitizing system, whole house water filtration, solar which will be paid off by seller at closing, EV charging plug, new paint inside and outside, new deck on porch, newer electrical, plumbing and metal roof too. Adorned with lovely fruit trees and a pavered patio with brick barbecue and metal roof. Really nice property that deserves to be noticed! RPR Comparable Market Analysis Report is included with the listing. The property is priced WELL below current market value!
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$674,990
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
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $539,992 | $539,992 | $539,992 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 5.490% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.357% | 6.431% | 5.873% |
| Monthly Tax Payment | $270 | $270 | $270 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,194 | $3,325 | $4,409 |
| Total Monthly Payment | $3,556 | $3,687 | $4,771 |
* 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.