Price improvement with an updated Rider and Rents! Unit 1: $1300/month, Unit 2: $1100/month Unit 3: $900/month, all units are month to month with security deposits to be transferred at closing. Current CAP rate over 5% with significant potential for a better return on this investment. This property is located in a highly coveted area in the White Mountains with a luscious and level 1/2 acre lot along fresh water on the Lost River. Let your creative juices flow in this no zoning town ripe with year round tourism as well as a need for local housing. Maybe it's a ski house for a team or multiple families? Maybe a vacation rental x3? The choice is yours! All 3 units have a full kitchens, appliances and bathrooms, living rooms and bedroom spaces spacious enough for a pull out and Queen bed. Some upgrades cosmetically and hard wired smoke detectors. Paved driveway and easy to landscape. Significant value in the land along a fresh source of water and walking distance to downtown and local businesses. About 3 miles to Loon Mountain Resort and 12 miles to Cannon Mountain. Motivated Seller!
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $420,000 | $420,000 | $420,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.508% | 7.171% | 6.392% |
Monthly Tax Payment | $263 | $263 | $263 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,865 | $2,791 | $3,573 |
Total Monthly Payment | $3,219 | $3,145 | $3,927 |
* 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.