Presented byMark Markelz |
INVESTORS TAKE NOTE! Located near SteelPointe Harbor Development, fully rented, excellent cash flow. First floor 2 bedroom (lives like a 3) with bonus room and updated kitchen. Upstairs 2 bed (lives like a three) but also offers additional living space in the fully finished third level with two bonus rooms, full bath and dining area. This unit lives like a 5 bedroom. Close to shopping, train, 95 and the Port Jeff ferry. Excellent opportunity! First floor tenant is long term Section 8 = $1665/m and pays electric and gas. Second floor is house share with combined rent of $3150 and owner pays utilities. Total of $4815 gross monthly income. Fully rented. Please confirm all appointments, must be coordinated with tenants at a minimum 24 hours in advance.
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Luxury Properties Specialist
William Raveis Real Estate
Phone: 203.668.3838
800askmark@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.913.1633
Jorge.Rivera@Raveis.com
NMLS Mortgage Loan Originator ID 12303
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $360,000 | $360,000 | $360,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 8.011% | 7.171% | 6.538% |
Monthly Tax Payment | $512 | $512 | $512 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,486 | $2,393 | $3,087 |
Total Monthly Payment | $3,073 | $2,980 | $3,674 |
* 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.