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ATTENTION INVESTORS — this is the kind of property doesn’t stay available long. Single-family residence with a tenant already in place, offering immediate income. New roof installed June 2021, major update already handled, reducing upfront capital needs. The interior features a practical and flexible layout with a front-facing living room, two bedrooms, and one full bathroom. A dedicated kitchen sits at the center of the home, along with an interior laundry room for added convenience. The home also includes a separate dining room plus an additional bonus room—perfect for a future media room, office space, or reconfiguration to maximize livability and rental appeal. Set on a large and flat lot, the property offers clear upside for exterior improvements or expansion potential. Central air conditioning is in place for year-round comfort. This is a straightforward investment with a tenant in place and clear upside potential—ideal for investors looking to secure a property they can improve over time and force appreciation. Opportunities like this don’t sit long in today’s market.
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Our Executive Mortgage Banker:
Our Insurance Division:
$144,000
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 | $115,200 | $115,200 | $115,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.524% | 5.866% |
| Monthly Tax Payment | $95 | $95 | $95 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $690 | $719 | $949 |
| Total Monthly Payment | $860 | $889 | $1,119 |
* 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.