Presented byJackie Davis - Jackie Davis & Team |
Discover a prime investment with this low-maintenance three-family home, generating a steady annual income of $70, 800. Nestled in the quiet, desirable and sought-after North End, this property offers great potential for increased rental income, as current rents are below market value. 560 Garfield Avenue offers three units each featuring a nicely sized kitchen with dining area, living room, two generously sized bedrooms and one full bath. The basement area is finished with an additional studio unit and a laundry area with a washer/dryer for each unit. 560 Garfield Avenue is conveniently located and is close to major highways for easy commuting and access to local amenities including restaurants, grocery stores, bakeries and shopping mall. Designed for easy management and hassle-free ownership - all mechanicals are up to date including the roof that is 6 years old. Take advantage of the detached three car garage for private parking or additional storage. This property is an exceptional opportunity for investors looking to capitalize on a stable income with the potential for growth. Schedule a viewing today!
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Sales Vice President
William Raveis Real Estate
Phone: 203.258.9912
Jackie.Davis@raveis.com
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William Raveis Mortgage, LLC
Phone: 203.913.1633
Jorge.Rivera@Raveis.com
NMLS Mortgage Loan Originator ID 12303
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $655,920 | $655,920 | $655,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $816 | $816 | $816 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,724 | $4,092 | $5,491 |
Total Monthly Payment | $4,632 | $5,000 | $6,399 |
* 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.