Nestled in a convenient Rutland City locale, this spacious residence offers a unique blend of comfort and income potential. Renovated in 2022, the property comprises two distinct units, each with two bedrooms and a full bathroom, making it an ideal investment for generating rental income. Privacy is key, with each unit featuring its own keypad access and a shared common area accessible through the front door. This thoughtful layout caters to those seeking a sizable duplex unit in Rutland City. Consider the flexibility of living in one unit while leasing out the other to offset costs, maximizing the property's income-generating possibilities. The detached garage provides secure parking, offering protection for your vehicles against the elements. Situated near a major hospital and close to Rutland's diverse shopping and dining options, this property's location is truly advantageous. Additionally, it's a short drive to the popular Killington Resort, catering to outdoor enthusiasts. With recent renovations, dual-unit layout, and strategic location, this property accommodates various lifestyle needs and investment goals. Connect with your local agent today to explore the potential of this versatile and income-generating property. Don't miss out on the opportunity to make this property your own!
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William Raveis Mortgage, LLC
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Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $279,200 | $279,200 | $279,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 8.011% | 7.171% | 6.538% |
Monthly Tax Payment | $401 | $401 | $401 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,928 | $1,856 | $2,394 |
Total Monthly Payment | $2,404 | $2,332 | $2,870 |
* 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.