** TURNKEY INVESTMENT OPPORTUNITY WITH A 10. 29% YEARLY ROI! ** UNIT IS CURRENTLY RENTED AT $950/MO. This charming studio unit for sale in Sandlake Courtyards offers a cozy and convenient living space for those seeking a low-maintenance lifestyle. The unit has been freshly painted and features a new carpet creating a clean and modern look. The kitchen is equipped with a brand new microwave and double burner hot plate, perfect for preparing meals with ease. New light fixtures brighten up the space and add a touch of style. One of the standout features of this property is the inclusion of HOA dues that cover essential utilities such as electric, water, sewer, trash, cable TV, and pest control, making budgeting a breeze. Residents of Sandlake Courtyards can enjoy the community amenities, including a refreshing pool for relaxing and unwinding. Whether you're looking for a cozy home or a savvy investment property, this studio unit offers the best of both worlds in a prime location. 10. 29% ROI includes management, HOA and taxes.
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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 | $50,320 | $50,320 | $50,320 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.582% | 7.171% | 6.518% |
Monthly Tax Payment | $27 | $27 | $27 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $343 | $334 | $431 |
Total Monthly Payment | $445 | $436 | $533 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.