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BEST AND HIGHEST 4/10/2026 at 12 PM. Welcome to this fully updated 1 bedroom, 1 bathroom condo in Vernon, offering the perfect combination of low-maintenance living, strong rental potential, and unbeatable convenience. With all major updates completed in 2023, this turnkey unit is ideal for buyers who want peace of mind without taking on immediate projects. For investors, the numbers make sense - this property offers rental income that exceeds the 1% rule, paired with an exceptionally low HOA fee of just $108/month, helping maximize monthly cash flow and long-term returns. For owner-occupants, this is an affordable opportunity to own in a highly convenient location close to major highways, restaurants, shopping, and downtown Vernon, making commuting and daily errands effortless. Whether you're looking for your first investment property, downsizing into easy condo living, or purchasing your first home, this is the type of move-in-ready opportunity that does not last long in today's market. Tenant is month to month would love to stay but willing to move. Rent is $1, 250 Owner is a real estate agent.
| Type | Level |
|---|---|
| Dining Room | Main |
| Living Room | Main |
| Primary Bedroom | Main |
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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 | $82,000 | $82,000 | $82,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.275% | 6.284% | 5.595% |
| Monthly Tax Payment | $84 | $84 | $84 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $479 | $498 | $665 |
| Total Monthly Payment | $638 | $657 | $824 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.