ARV $500K minimum.
According to analysts, there will be a 4% increase in home prices by 2025. . . and with dropping interest rates, I'd schedule a showing today of this promising property before you tell yourselves, "Shoulda', coulda', woulda'. . . "
The average rate on a 30- and 15-year mortgage is around 6. 0% - 6. 7%! Maybe you ought to call your lender now because as interest rates drop, the demand for housing will increase. . . so don't miss out, make the call, and schedule your showing today of this great investment.
About the property:
•NON-FLOOD ZONE X. NO HOA. NO CDD. HOA membership is strictly OPTIONAL, the future homeowner does NOT need to join the HOA and does NOT need to pay those fees.
•3 full sized bedrooms and a Sewing Room that could easily be converted into an oversized bedroom or In-Law Suite/Studio as it includes a private entry.
•Formal Dining Room, Living Room, and a versatile Den that can effortlessly serve as an inviting office space.
•PACE Solar Panels maximizes efficiency and minimizes your utility bills. The remaining balance will be paid off at closing! So no worries there!
•The fully enclosed in-ground pool adds an element of relaxation and recreation to your daily life.
•The spacious Kitchen includes refrigerator, electric glass-top stove with oven, microwave, and dishwasher.
•Wall-to-wall Closet Pantry allows you to keep your culinary essentials organized and easily accessible.
•The 2-car attached Garage is equipped with an automatic door opener, attic ladder, washer, dryer, and electric water heater
.
•Shingle roof installed in 2014 offers reassurance that you have many years of worry-free living ahead.
Properties like this are a dream for many so don't delay and schedule that showing today.
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Our Executive Mortgage Banker:
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.042% | 6.160% |
Monthly Tax Payment | $448 | $448 | $448 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,804 | $1,782 | $2,287 |
Total Monthly Payment | $2,327 | $2,305 | $2,810 |
* 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.