The Lion and The Rose is a successful Victorian B&B strategically located in the White Mountains of N. H. The exact geography where people seek out the B&B experience in all 4 seasons. The owners have enjoyed this retirement endeavor and the healthy income it has provided but now it is time to pass the torch. This established business already makes money which is ripe for the picking. A new owner can come in make a few minor improvements to generate a lot more income. For example, there’s an entry in the back at ground level which opens into a large addition. There are several levels in this addition that could make more suites, a lounge or spa/treatment rooms or owners 1/4’s. This is finished space and would be an easy renovation. The structure has been masterfully updated and maintained. It cash flows every month of the year, every year! Being an Inn Keeper is rewarding on many levels so if you are looking for an interesting retirement journey that makes money, this one works. If you are looking to live in the White Mountains and grow a business this one is ready for growth. It has 8 guest rooms with private baths all w/ different themes making this a must stay B&B. With a little social media presence and exposure, The Lion and The Rose will break all past records. This one step alone will insure instant growth at no cost. Bring your energy and ideas and live free…literally.
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|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $215,920 | $215,920 | $215,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.322% | 6.280% | 5.628% |
| Monthly Tax Payment | $581 | $581 | $581 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,243 | $1,312 | $1,750 |
| Total Monthly Payment | $1,899 | $1,968 | $2,406 |
* 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.