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Affordable, move-in ready home with modern upgrades and strong investment potential. This renovated 2-bedroom, 1-bathroom home is approx 1, 000 square feet of living space and features major capital improvements including a new roof (2025), new HVAC system (2024), new flooring (2024), and new kitchen cabinets (2024). First-time homebuyers, downsizers, or investors seeking a turnkey property with minimal maintenance will want to see this one! It has a spacious yard (1/2 acre), front porch, formal dining room, separate living room, back porch, and a laundry room with washer/ dryer connections. Located in an established neighborhood, this property provides affordable homeownership with low upkeep and long-term value. The home can be deliveredvacant at closing, making it ideal to an owner-occupant looking for a low-cost housing option. For real estate investors, this is a cash-flowing rental property with a tenant currently paying $1, 100/month on a month-to-month lease, providing immediate rental income, passive income potential, and flexibility for various rental strategies. Key features include: updated systems, low-maintenance upgrades, strong rental income potential, affordable price point, and move-in ready condition. Buy-and-hold investors looking to expand a rental portfolio will love this money maker! Rentals are scarce and great for this market. Some photos have been virtually rendered. DO NOT DISTURB TENANT.
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Our Executive Mortgage Banker:
$129,900
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
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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 | $103,920 | $103,920 | $103,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.275% | 6.398% | 5.595% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $606 | $640 | $842 |
| Total Monthly Payment | $681 | $715 | $917 |
* 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.