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**HIGHEST AND BEST DUE BY MONDAY 12/22 BY 12PM MIDNIGHT. If you have submitted your offer and would like to update your offer, please do so prior to Monday night. ** Excellent opportunity to own a well-maintained three-family property in New Haven. This multi-unit home offers strong income potential with a monthly rent totaling $6, 250. Unit 1 includes 3 bedrooms, 1 bathroom for a total of 1, 344 sqare ft. Unit 2 is the same, 3 bedrooms and 1 bathroom. Unit 3 on the 3rd floor includes 2 bedrooms and 1 bathroom for 891 square ft. Key updates already completed, including a new roof, new siding, new water heaters for all 3 units, new main water line run from the town, and many more. The third-floor unit has been fully remodeled, brand new kitchen, new appliances, new bathroom, flooring, walls, lighting etc. . . Each unit features comfortable, large square footage layouts with good natural light, and the property sits on a level, cleared yard with off-street parking for added convenience. Located close to local restaurants, shopping, public transportation, and major commuter routes, this property combines practicality, location, and long-term value. A solid addition to any investment portfolio!
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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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 | $399,920 | $399,920 | $399,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.360% | 6.304% | 5.648% |
| Monthly Tax Payment | $615 | $615 | $615 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,271 | $2,430 | $3,241 |
| Total Monthly Payment | $2,961 | $3,120 | $3,931 |
* 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.