Looking to owner occupy? This property is perfect for you! Concerned about 20% down? Ask your lender how you can owner occupy with less than 20% down and schedule your showing! The 4 bedroom unit with an attached 2 car garage is on a month to month lease, meaning you likely could occupy at closing, and keep renting the other 2 one bedroom units at $1300 a month, thats $2600 a month towards your mortgage payment! Finding a turn key rental property minutes from Essex, on 4. 49 country acres is HARD to come by and this one is so unique in the land it offers and the layout providing all units ample space. Spend time gardening outside, walking in the woods or enjoying the babbling brook right next to the house. A standing seam roof, vinyl siding, new decking, paved driveway, and a 2 car garage for parking are just a few of the incredible features here. The three units are made up of one 4-bedroom and two 1-bedroom apartments, each fully occupied with reliable, long-standing tenants. This property is ready for its next owners! All utilities are currently included in the rent, however this could be separated relatively easily to increase cashflow. Call today for more information! Please allow 48 hours notice for showings due to the tenants.
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William Raveis Real Estate
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William Raveis Mortgage, LLC
Phone: 203.415.2989
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 | $439,200 | $439,200 | $439,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | $471 | $471 | $471 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,996 | $2,919 | $3,704 |
Total Monthly Payment | $3,559 | $3,482 | $4,267 |
* 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.