Charming Farmhouse Retreat with Income Potential Nestled on a sprawling 9. 4 acres of picturesque land, this enchanting farmhouse offers the perfect blend of tranquility and opportunity. Surrounded by lush greenery, this property provides a peaceful escape from the hustle and bustle of everyday life. The inviting farmhouse features classic architecture, spacious living areas, and abundant natural light, making it ideal for both relaxation and entertaining. A detached garage adds convenience, while the secluded setting enhances the sense of privacy. In addition to the main residence, an income-generating ranch is conveniently located on the property, offering endless possibilities for passive income. Whether you envision a small-scale farm, vacation rentals, or event hosting, this space is ready to accommodate your vision. Across the street, two additional parcels of land expand your horizons, perfect for recreational activities, gardening, or further development. With ample room to roam and explore, this property is a rare find for those seeking a serene lifestyle with investment potential. Embrace the charm of country living while enjoying the benefits of passive income and expansive land. Your dream farmhouse awaits! Additional Information: HeatingFuel: Oil Above Ground,
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$400,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $320,000 | $320,000 | $320,000 |
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 | $807 | $807 | $807 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,129 | $2,127 | $2,699 |
Total Monthly Payment | $3,011 | $3,009 | $3,581 |
* 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.