Tenant already in place for immediate income. Property is leased through 2/28/2025. This 3 bedroom, 2. 5 bath home has an attached garage, Hardie plank siding and metal roof. Built in 2023, the LVP flooring downstairs and granite countertops make this a low maintenance investment opportunity. Additional finishes include white cabinetry and stainless-steel refrigerator, range, dishwasher & microwave. The fully-fenced back yard also features a new paver patio.
Tenant already in place for immediate income. Property is leased through 2/28/2025 at a monthly rent of $2, 050.
No HOA, or CDD fees, and no flood insurance required. The West King Street area is seeing a number of new businesses moving into the area and will soon have the West King Mobility Project adding over 700 parking spots, mixed use retail and potential commuter rail in the future. Now is the time to invest in this area!
Opportunity to purchase home next door as well, under separate lease. See active listing for 495 S Woodlawn St.
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William Raveis Real Estate
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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 | $271,200 | $271,200 | $271,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | $49 | $49 | $49 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,804 | $1,802 | $2,287 |
Total Monthly Payment | $1,928 | $1,926 | $2,411 |
* 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.