Two mobile homes situated on a 0. 47-acre lot offer a variety of possibilities for investors, multi-generational families, or those seeking rental income. This spacious lot provides plenty of room for gardening, outdoor activities, or simply enjoying the open space. The first mobile home is located on a gravel pad and is not tied down, while the second mobile home is on a concrete slab and is securely tied down. While both homes share a public water source, each unit has separate utilities and its own septic system, allowing for flexibility in how the property is used—whether you choose to live in one home and rent the other, or use both for rental income. One mobile home is currently tenant-occupied, providing immediate cash flow. Located in a convenient spot, this property provides a rural feel with easy access to local amenities, striking an ideal balance between tranquility and convenience. Whether you're looking for an owner-occupied property with rental income potential or a fully income-generating investment, this property offers great opportunity. Don’t miss out!
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $183,920 | $183,920 | $183,920 |
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 | 7.477% | 7.055% | 6.256% |
Monthly Tax Payment | $145 | $145 | $145 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,224 | $1,208 | $1,551 |
Total Monthly Payment | $1,444 | $1,428 | $1,771 |
* 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.