Calling all investors! Don't miss this opportunity to acquire a cash-flowing property in a prime location. This single-family home, currently operating as a fully-leased rooming house, generates approximately $4, 600 per month in rental income, making it a perfect addition to any investment portfolio. The main floor features a flexible living arrangement with 1 bedroom, living room (currently being used as a second bedroom), a full bathroom, a spacious kitchen, and a large deck overlooking the flat, private backyard-ideal for tenants to relax and unwind. Upstairs, with its separate entrance, you'll find four additional units sharing a bathroom and an enclosed porch, offering tenants both comfort and privacy. The basement studio provides even more rental space, adding to this property's income stream. You can occupy one of the units and enjoy the comfort of a private residence while renting out the other units. This unique setup allows you to live for free while building equity and generating consistent cash flow. Key updates include a new front porch and a 10-year-old roof, ensuring minimal future maintenance costs.
Type | Level |
---|---|
Bedroom 1 | Upper |
Bedroom 2 | Upper |
Living Room | Main |
Primary Bedroom | Main |
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
For homebuyers and sellers, our Attorney Network:
$329,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $263,200 | $263,200 | $263,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $421 | $421 | $421 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,751 | $1,749 | $2,220 |
Total Monthly Payment | $2,247 | $2,245 | $2,716 |
* 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.