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Rare opportunity to own a turnkey income-producing 2-family with owned solar that covers all electricity, heat, and AC. Both units feature modern heat pumps and mini split A/C for efficient year-round comfort. no electricity bills, gas bills or solar lease charges eating into cash flow and profit. Solar is fully owned and conveys with sale, dramatically reducing operating expenses and boosting net income. Home also features battery backup so you can have power even if there is a storm. Live in one unit and rent the other for extra income, or collect rent from both. Convenient Killingly location with quick access to Route 6 and I-395. This is the ideal property for an owner-occupant or investor seeking low expenses and strong returns. Owner occupant may qualify for CHFA assistance programs No sense renting when you can OWN. Property features a private yard with a shed and garden as well as a charger for Electric Vehicles (also free via solar panels) Utility free living is a luxury that can be yours with this desirable two family
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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 |
|
|---|---|---|---|
| Loan Amount | $303,920 | $303,920 | $303,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.424% | 6.640% | 5.972% |
| Monthly Tax Payment | $279 | $279 | $279 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,847 | $1,919 | $2,524 |
| Total Monthly Payment | $2,201 | $2,273 | $2,878 |
* 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.