Location! Location! Location! Welcome to this 1900s New England style 3-unit multi-family home located minutes to downtown Concord. Great investment opportunity with long term tenants and wonderful potential for owner occupied living generating passive income. Property includes a 1 BR unit, a 2BR + loft unit with a porch on the second floor (loft offers versatility for work from home office or multi-purpose room) and a 2BR-2Bath unit on the first floor with a porch and good sized kitchen. The 1 car garage is being used for tenant storage. Plenty of parking in the oversized driveway. There is ample space in the back and side yard ideal for raised beds or outdoor entertaining. The lot is situated in the heart of the city with walkability to downtown, schools, shopping, and parks. Come see for yourself this income growth potential property. Showings delayed until the open house on Friday April 26th.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $440,000 | $440,000 | $440,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.932% | 7.282% | 6.498% |
Monthly Tax Payment | $295 | $295 | $295 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,002 | $2,964 | $3,773 |
Total Monthly Payment | $3,389 | $3,351 | $4,160 |
* 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.