Great waterfront investment property. Serene setting on a quiet side street located on the rivers edge for fishing, boating, swimming or relaxing. New heating system, 2 buildings, large units all with their own private entrances, plenty of parking and fully occupied. Unit 1 is a separate building and has an open layout kitchen and living room, full bath and one bedroom. Unit 2 is a duplex style unit with a large eat in kitchen, living room with private deck on the waters edge, full bath, one bedroom and additional office or second bedroom. Unit 3 has two levels and has a living room, kitchen, full bath, two bedrooms and extra storage room. Unit 4 is newly renovated and has a living room, kitchen, laundry area, 1. 5 baths and 4 bedrooms all with walk in closets.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $351,200 | $351,200 | $351,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.412% |
Monthly Tax Payment | $501 | $501 | $501 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,396 | $2,334 | $2,987 |
Total Monthly Payment | $2,972 | $2,910 | $3,563 |
* 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.