BEAUTIFUL INCOME PROPERTY ON 7 ACRES!!! Come and enjoy this single family home PLUS 4 mobile homes nestled among grand oak trees. Located on US 98 just South of Hwy 50 this location is near everything you need. All 5 units are rented most with long time renters. The home has 3 bedrooms two baths and is 1443 sf. The beautiful kitchen has granite counter tops, amazing cabinetry and stainless steel appliances. The eating area in the kitchen overlooks the living with a wood burning fireplace. Sliding glass doors from the master bedroom, living room and second bedroom look out over a large swimming pool with a huge deck that is perfect for entertaining! Two of the mobile homes have 3 bedroom; the other two have 2 bedrooms. There is also a large barn/garage plus a storage area on the property
Income from this property could help greatly to pay your mortgage! The current rentals bring in a total gross of $4, 320 monthly and a total gross of $51, 840 annually! There are individual septic systems and electricity for each unit; a huge well supplies the water. Seller has recently replaced one septic system including drain field and new pipes, pool pump, and well, AC in home and electric in one unit.
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Our Executive Mortgage Banker:
Our Insurance Division:
$625,000
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
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $500,000 | $500,000 | $500,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $691 | $691 | $691 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,327 | $3,323 | $4,287 |
Total Monthly Payment | $4,110 | $4,106 | $5,070 |
* 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.