Looking for a turnkey income generator in a convenient East Boston neighborhood? This 2-fam in Orient Heights is a must-see. Owned by the same family since 1979, this immaculate home has been superbly maintained. Both 2 bd/1 bath units will be delivered vacant & ready for the next owner. The top floor unit is updated and has a bonus room for office or 3rd bedroom. The home has large eat-in kitchens, great sunlight, unit level laundry set-up, and tons of basement storage. Driveway parking and a manageable fenced yard are a rare find. Updates include a younger roof, well-maintained heating system, updated kitchens/baths, foundation re-sealing, chimney repointing & front steps. Officially de-leaded in '02, MASSPORT soundproofing done in '04, adding 3x-glazed vinyl windows, weatherstripping, & some insulation. A block from Orient Heights T-Station, w/ endless food/dining options. Outdoor lovers will enjoy proximity to beaches & Belle Isle Marsh. Solid investment w/ 5. 5-6% *potential* cap!
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William Raveis Real Estate
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Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
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 | $671,200 | $671,200 | $671,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.769% | 6.270% | 5.864% |
Monthly Tax Payment | $235 | $235 | $235 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,759 | $4,078 | $5,529 |
Total Monthly Payment | $4,086 | $4,405 | $5,856 |
* 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.