Prime End User and Investment Opportunity in Garden City Park, NY Welcome to this exceptional property located in the heart of Garden City Park, just a stone's throw away from the Merillon Ave LIRR stop and within walking distance to Mineola Station. This central location offers easy access to banks, supermarkets, and a variety of restaurants, making it incredibly convenient for residents. Investors take note! This property presents an excellent opportunity for those seeking to invest in rental properties. With a total of 5 beds and 3 full baths, separate entrances for both floors, and its proximity to universities such as Adelphi, SUNY Old Westbury, and Hofstra, including their law, medical, and graduate schools, this home is an ideal rental location for university students. Additionally, its close proximity to major hospitals, such as Winthrop, North Shore, and St. Francis Hospital makes it a desirable spot for traveling nurses and medical professionals seeking short-term rentals. With ample front yard parking spaces for multiple cars, convenience is paramount. Although the house is in excellent condition, a few cosmetic updates could further enhance its appeal. Don't miss out on this fantastic opportunity! Motivated sellers have priced this property to sell. Schedule a showing today!"
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Our Executive Mortgage Banker:
Our Insurance Division:
$850,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $680,000 | $680,000 | $680,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.000% | 5.875% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.963% | 5.983% | 5.805% |
Monthly Tax Payment | $1,118 | $1,118 | $1,118 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,650 | $4,022 | $5,601 |
Total Monthly Payment | $4,860 | $5,232 | $6,811 |
* 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.