|
|
INVESTORS TAKE NOTICE - OVER $7, 500 A MONTH WHEN FULLY RENTED OUT ! Please note this is a legal 3 family however there are 4 units and being sold as it is. The owner does very well with the income & there is so much potential to continue that. unit 1 has a tenant. Unit 2 is currently used as an Airbnb, unit 3 is rented & the basement apartment is vacant now but he was renting that out at $1, 600. The house has several expensive upgrades: the motorized front gate (fully functional), internet antenna setup for all the tenants, security system with Google Nest cameras, a fully renovated and equipped basement with TV, washer and dryer, and an AC/heater system. All the other floors have new appliances (microwave, fridge, dishwasher, stove, and washer and dryer). All units have been completely remodeled in the last few years except 1st floor which is still in great shape! The 1st floor is rented at $1, 500 - 2 bedroom, 1 bathroom (w/laundry). The 2nd floor is rented at $2, 626 - this is a 2 bedroom, 2 full bathroom plus a half bathroom with in unit laundry! The 3rd floor is rented $1, 800 - this is a 2 bedroom, 2 full bathroom plus a half bathroom with in unit laundry! Then the "basement" apartment is a FULLY FURNISHED 1 bedroom, 1 full bath plus a half bathroom, with in unit laundry and utilities included for $1, 600. Renovated units have brand new bathrooms, kitchens, flooring, paint and more! There is a large parking lot in the back for parking! the 2nd floor apartment is being sold fully furnished. The tenants on the 1st and 3rd floors are month-to-month, and the 2nd floor Airbnb is booked until October 10th(travel nurse from Yale). The basement tenant moved out a month ago.
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:
For homebuyers and sellers, our Attorney Network:
$650,000
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
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $520,000 | $520,000 | $520,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.615% | 5.952% |
| Monthly Tax Payment | $615 | $615 | $615 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,114 | $3,283 | $4,318 |
| Total Monthly Payment | $3,821 | $3,990 | $5,025 |
* 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.