Bring your creativity for modernizing this 3/1 corner lot in Sulpher Springs. Long term tenant occupied at $1, 050 per month on a MTM lease. This property is one of several that are being sold by this seller (house across the street is also for sale). Call for list. PLEASE DO NOT TEXT OFFERS. There is a discount (case by case) for buying multiple properties based on the number of properties purchased. Please do not ask me if I have any additional pictures. Seller WILL NOT accept any offer with a financing contingency. You must provide proof of funds with your offer. POF letters from non-regulated lenders (Fix and Flip) will not be accepted unless buyer provides cash POF for at least 30% of the offer price. Offers submitted without a physical viewing by the buyer or their agent must include a non-refundable earnest money deposit of $5, 000. Please inspect vacant properties prior to submitting your offer. Max 4 day inspection period. No assignable contracts please.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $135,200 | $135,200 | $135,200 |
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 | $118 | $118 | $118 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $899 | $899 | $1,159 |
Total Monthly Payment | $1,092 | $1,092 | $1,352 |
* 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.