ATTENTION INVESTORS!! This incredible three family with its own private parking lot on a dead end street, is currently grossing $56, 400 annually. With the unit rents below market, and two of the three garage bays available for storage rental, there is potential for $65, 000 gross annually with the right owner. All units have separate utilities, the second and third floors boast BRAND NEW WINDOWS and high-efficiency Rinnai natural gas heating systems. First floor unit has its own laundry hookups, and the basement has laundry hookups for the remainder of the building. First floor unit of 3 beds & 1 bath is rented at $1, 500, second floor unit is 2 beds and 1 bath at $1, 750 and third floor unit is 1 bed and 1 bath at $1, 300. One of the garage bays is rented for storage at $150 a month, and the two remaining are currently open and available for rent. Open house is Friday 8/23 from 5-6: 30 PM.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $500,000 | $500,000 | $500,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.483% | 6.273% | 5.268% |
Monthly Tax Payment | $553 | $553 | $553 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,038 | $3,038 | $3,951 |
Total Monthly Payment | $3,683 | $3,683 | $4,596 |
* 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.