Cash buyers only. Expansive colonial home boasting 5 bedrooms, 2. 5 baths, large living and dining areas, eat-in kitchen, a full/finished basement with an OSE all spread across 4 levels. This home already offers ample living space, providing comfort and convenience for its residents. Additionally, the generous lot size presents expansion opportunities, allowing for future growth and customization to suit your needs in this R4-1 zoned property. With a little investment, this property could yield substantial returns in the thriving Southern Queens market. Situated in Jamaica, this home benefits from a steady demand for rental properties, making it an attractive option for investors. Additionally, it appeals to end users looking to purchase their forever home, thanks to its spacious layout and convenient location. All within 15 minutes or less in commute, this home is within easy reach of the JFK Airport, CUNY York College, public transportation options including the LIRR, express E/F trains, as well as an MTA Bus Terminal in Jamaica Center with added bus connections to Long Island, close playgrounds and large parks such as Baisley Pond Park, dining and shopping on trendy Hillside and Jamaica Avenue, only 4 blocks close to Q6, Q7, and Q40, and much more!, Additional information: Appearance: Good, Interior Features: Lr/Dr
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Our Executive Mortgage Banker:
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$500,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $400,000 | $400,000 | $400,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.352% | 7.042% | 6.160% |
Monthly Tax Payment | $320 | $320 | $320 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,628 | $2,628 | $3,348 |
Total Monthly Payment | $3,040 | $3,040 | $3,760 |
* 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.