Investment Opportunity! Welcome to 580 Salmon Falls Rd, a well-maintained multi-family property ideally located for savvy investors. This solid investment offering a total of 9 bedrooms and 4 bathrooms across 4 spacious units. Building has brand new furnace/mini split and new furnace. Replacement windows and new siding. Each unit boasts washers and/or dryers and certified lead abatement, ensuring tenant satisfaction and ease of management. Situated on a 1. 1 acre lot, this property includes plenty of off street parking spaces providing tenants with convenience and comfort. Located between downtown and East Rochester, this property offers tenants easy access to everything Rochester has to offer. Whether you're a seasoned investor or looking to start your portfolio, 580 Salmon Falls Rd presents a fantastic opportunity. Schedule your showing today and seize this investment potential! Seller is delaying showings till open house Sat 13th 1-3pm and Sunday 14th 1-3pm.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $568,000 | $568,000 | $568,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $676 | $676 | $676 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,779 | $3,775 | $4,870 |
Total Monthly Payment | $4,547 | $4,543 | $5,638 |
* 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.