CALLING ALL INVESTORS! This side by side 2 family home is in the WATERFRONT HEIGHTS LAKE ASSOC. on COVENTRY LAKE where association members can enjoy the private beach, swimming, paddleboarding, ice skating, parking, volleyball court, playground and more. The current owner has taken care of this home and it is in terrific condition with many recent improvements such as remodeled full bath in right unit in 2019, remodeled kitchen in right unit 2014, new gas stove in right unit 2024, new flooring on main level in right unit in 2014. The left unit had the bath remodeled in 2014 and the flooring on the main level was upgraded in 2014. Both units have a separate electrical box, separate hot water heater, a Weil McLain Boiler and forced hot air heat. Roof is approx. 17 years old. Each unit has a living room, kitchen, full bath and storage area on the main level. On the second floor of each unit are 2 more rooms that can be used a bedroom, den, home office, work out space etc. A covered front porch across both units along with the level back yard provide nice spots to hang out and enjoy the fresh air or play yard games. This home is within walking distance to Waterfront Heights Lake Association on Coventry Lake. This home has been consistently rented, providing a good source of income. This is a must see home!
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $240,000 | $240,000 | $240,000 |
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 | $313 | $313 | $313 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,597 | $1,595 | $2,024 |
Total Monthly Payment | $1,985 | $1,983 | $2,412 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.