This three-family home in Lynn presents a fantastic opportunity for the next owner whether you are an owner occupant or an investor, this is a turnkey property in a sought-after neighborhood. This building features two - three-bedroom apartments and one – two-bedroom apartment. All three apartments are in great condition and feature a nicely laid out floor plan. Off street parking, a fenced in backyard, and laundry in the basement make this a convenient building to live in. The location of this three-family home is truly a standout feature; roughly half a mile from the Swampscott commuter rail, close to some of the area's best restaurants, and just over two miles to Vinnin Square Plaza which features Whole Foods, Starbucks, several restaurants, and more! This prime location adds even more value to an already great investment, whether you're looking to live in one unit and rent out the others or rent all three for steady income.
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William Raveis Mortgage, LLC
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Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $719,200 | $719,200 | $719,200 |
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 | $666 | $666 | $666 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,084 | $4,487 | $6,021 |
Total Monthly Payment | $4,842 | $5,245 | $6,779 |
* 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.