INVESTOR OPPORTUNITY!! Two bedrooms, one bath with rooms which you can easily convert to a 3rd bedroom, office, den or whatever ever you need it to be. The home sits off the canal that goes to Halfmoon Lake. Walking distance to Lake Bryant Fish Camp allows easy enjoyment of a meal at the Tiki Hut Restaurant and using the boat ramp to take your boat into Lake Bryant’s beautiful 750 acres. This property has great bones but needs work. Prices for a quick sell. The additional enclosed rooms could be easily converted, into an office, or used for extra storage. This would be a great investment for a rental, or rehab property. Sold as is. The property is close to fishing, hunting, rivers for kayaking, and so much more. This property has so much potential. Looking for your first investment property or seasoned, look at this one.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $67,040 | $67,040 | $67,040 |
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 | $94 | $94 | $94 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $446 | $446 | $565 |
Total Monthly Payment | $615 | $615 | $734 |
* 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.