Exclusive Investment Opportunity: Immediate Action Required We present to you a golden opportunity to substantially increase your investment portfolio with this recently renovated duplex, characterized by individual units that hold the promise of high rental yields. This investment beckons with the allure of not just timely returns but a potential for escalated profits owing to the prospective addition of another rental unit. Here are the salient features and urgent aspects to consider: Potential Expansion Opportunity: Walkout Basement Ready for Conversion: The full walkout basement in the main unit beckons with the opportunity to be converted into an additional rental unit, pending necessary town permits and zoning permissions. This presents a lucrative avenue for boosting your revenue substantially. Recent Renovations and Amenities: Modern Open Concept: The units have been thoughtfully renovated to feature an open concept design, boasting larger bedrooms and a spacious living room. Premium Vinyl Flooring: Adding a touch of sophistication and ease of maintenance, the units feature high-quality vinyl flooring. Off-Street Parking: Further enhancing the property's appeal is the provision for off-street parking, adding a layer of convenience for the potential tenants. Minimal Landlord Responsibilities: Low Maintenance Commitment: The landlord's responsibilities are notably low, with tenants taking charge of ground maintenance and snow removal, allowing you to enjoy a hassle-free investment. Tax Only Landlord Obligation: As the landlord, your primary obligation would be catering to the tax payments, facilitating an easy management process. We urge you to act swiftly to seize this promising investment opportunity. The duplex stands as a beacon of potential, ready to reward proactive investors with significant returns. Please get in touch at your earliest convenience to explore this avenue that perfectly marries potential with profitability.
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William Raveis Real Estate
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VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $288,000 | $288,000 | $288,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.042% | 6.160% |
Monthly Tax Payment | $722 | $722 | $722 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,916 | $1,892 | $2,429 |
Total Monthly Payment | $2,713 | $2,689 | $3,226 |
* 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.