Great investment property in Mount Hope neighborhood on East Side, within walking distance to Hope Village, train station, parks & minutes from Brown University and Downtown Providence. Each of the 2 Units are approximately 1, 025 sf and features 2 bedrooms, multi-purpose room, living & dining room, eat-in kitchen, bathroom, high ceilings and hardwood floors & wood trimmings throughout. This building has had many improvements from current owners. The property also has a detached car garage & storage at the end of long driveway with room for another 4 cars: heated semi-finished basement (1, 025 sf) with laundry area and potential to be converted into a 3rd unit. Unfinished attic (900 sf) is available for extra living space and/or storage. Each unit has access to a private front porch and shared back staircase. Separate electric meters/water tanks/ heating systems. This multi-family property comes with a large backyard, which is also buildable lot off of York Street,
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William Raveis Real Estate
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VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $580,000 | $580,000 | $580,000 |
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 | $801 | $801 | $801 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,524 | $3,524 | $4,584 |
Total Monthly Payment | $4,416 | $4,416 | $5,476 |
* 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.