Presented byFowler Sakey & Team |
Unique University area opportunity! Looking for an investment property OR a single-family home? This home provides options! Currently used as a legal rental home with 5 fully rented separate rooms each comprised of 1 studio bedroom/full bathroom and mini-kitchen/wet bar (no cooking elements allowed in studio bedrooms). This house also offers a spacious common room with a full kitchen, dining area and space to sit and relax. If multi-rentals are not for you, this home is also zoned as single-family, and can easily be modified to a traditional single family home offering over 2, 200 sf of living space. 2. 5 car garage could be partially converted and used as additional first floor living space. Unfinished lower level offers storage space and laundry. Situated in a residential neighborhood surrounded by newer single-family homes. Located close to all the bustling activity that Fairfield offers. . . minutes to shopping, lakes, beaches, restaurants, commuter routes and train.
Type | Description | Dimensions | Level |
---|---|---|---|
Bedroom 1 | Bay/Bow Window,Full Bath,Laminate Floor | 15.0 x 21.0 | Upper |
Bedroom 2 | Bay/Bow Window,Full Bath,Laminate Floor | 15.0 x 21.0 | Upper |
Bedroom 3 | Bay/Bow Window,Full Bath,Laminate Floor | 15.0 x 18.0 | Upper |
Bedroom 4 | Bay/Bow Window,Full Bath,Laminate Floor | 15.0 x 18.0 | Upper |
Eat-In Kitchen | Bay/Bow Window,9 ft+ Ceilings,Dining Area,Laminate Floor | 15.0 x 17.0 | Main |
Primary BR Suite | Bay/Bow Window,9 ft+ Ceilings,Laminate Floor | 15.0 x 20.0 | Main |
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $639,200 | $639,200 | $639,200 |
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 | $1,150 | $1,150 | $1,150 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,253 | $4,248 | $5,390 |
Total Monthly Payment | $5,495 | $5,490 | $6,632 |
* 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.