Investor Special: 321 Amherst Drive, Spartanburg, SC Transform This Property into Your Dream Home! Welcome to 321 Amherst Drive, an outstanding investment opportunity just minutes from downtown Spartanburg. This spacious 5-bedroom, 2-bathroom home, offering 1, 964 square feet, is ready for a full remodel and presents incredible potential for savvy investors and homeowners alike. Key Features: • Spacious Living Areas: An inviting living room flows into a large kitchen and breakfast area, ideal for entertaining and family gatherings. • Five Bedrooms: Each bedroom offers ample space, perfect for a growing family or as rental units. • Two Bathrooms: With two full bathrooms, there’s plenty of convenience for all residents. • Unfinished Basement: A versatile blank slate that can be customized to suit your needs, whether as a game room or additional storage. Investment Potential: While this home requires a remodel, the possibilities are limitless. Envision transforming it into a modern oasis that enhances its value and appeal. Located near downtown Spartanburg, this property is perfectly positioned for easy access to shopping, dining, and entertainment. Schedule your showing today and unlock the potential of 321 Amherst Drive—this investment won’t last long!
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Our Executive Mortgage Banker:
Our Insurance Division:
$146,950
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $117,560 | $117,560 | $117,560 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $43 | $43 | $43 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $782 | $781 | $1,008 |
Total Monthly Payment | $899 | $898 | $1,125 |
* 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.