This house requires total rehab. Some renovation had been started and some unsound flooring already removed. Be careful when entering as there may be more unsound flooring. Enter at own risk. Windows are mostly boarded and electricity is turned off. . . bring your flashlight. Since this house has a crawlspace, reconfiguring the rooms and plumbing would be far easier than if it were on a slab. Seller also owns the house next door. #1603 Rose Lane is listed at $189, 900. Consider the possibilities. . . live in one house while renovating the other to use for rental income or for a relative you want to live close by. #1603, a slightly larger two BR one bath home, is in reasonable condition and would make an excellent starter home or income producing property. It is currently renting month-to-month and Tenant has expressed an interest in remaining. Tenant is to be given 30 days notice to vacate. For more details and photos, see MLS # G5083753.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $71,920 | $71,920 | $71,920 |
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 | 7.563% | 7.159% | 6.276% |
Monthly Tax Payment | $34 | $34 | $34 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $478 | $478 | $607 |
Total Monthly Payment | $587 | $587 | $716 |
* 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.