|
Presented by
Tony Mogavero |
Take a closer look at this well-maintained residence located in the highly desirable Baychester neighborhood of the Bronx. Situated on Edson Avenue, this attached, fully brick home sits on 1, 674 square foot and offers a solid blend of comfort, durability, and long-term value. The brick construction provides timeless curb appeal while offering low-maintenance ownership. Inside, the home features three generously sized bedrooms and two and a half bathrooms, thoughtfully laid out to support both everyday living and entertaining. The layout offers a comfortable flow between living spaces, making the home functional for a variety of lifestyles. Natural light fills the residence, enhancing the sense of space and warmth throughout. A fully finished basement adds significant versatility to the property, providing valuable additional square footage that can be utilized as a recreation room, home office, guest area, or extended living space. This lower level offers flexibility for personal use or alternative configurations depending on the buyer’s needs. The property is located in a well-established residential neighborhood known for its convenience and accessibility. Residents enjoy close proximity to local shops, grocery stores, schools, parks, and public transportation options, as well as easy access to major roadways for commuting throughout the Bronx, Westchester, and surrounding areas. The Baychester area continues to be a sought-after location for both homeowners and renters alike. Income & Rental Potential - In addition to being an excellent primary residence, this property presents strong income potential for owner-occupants or buyers seeking supplemental rental revenue. The main living area can command an estimated $3, 400–$3, 800 per month, while the finished basement offers additional rental potential of approximately $1, 200–$1, 500 per month, allowing for a total possible monthly income of up to $5, 300. Our team offers full rental placement and management assistance after purchase, helping new owners secure qualified tenants and maximize their investment from the start. Whether you are looking to live in the home while generating income or seeking a property with long-term appreciation and cash flow potential, this Baychester residence offers a compelling combination of location, flexibility, and financial opportunity.
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:
$729,000
Sales Associate
William Raveis Real Estate
Phone: 203.906.7060
Tony.Mogavero@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.521.7207
Christine.Preston@raveis.com
NMLS Mortgage Loan Originator ID 90874
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $583,200 | $583,200 | $583,200 |
| 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 | 6.258% | 6.292% | 5.628% |
| Monthly Tax Payment | $436 | $436 | $436 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,357 | $3,544 | $4,727 |
| Total Monthly Payment | $3,885 | $4,072 | $5,255 |
* 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.