Get your tools ready! This is a fixer upper DREAM! Come take a tour of this two bedroom, one bathroom home in the city of Arcadia! This home may need some work, but if you have a creative mind, I bet you can see the glorious potential in this! A new roof, new flooring, some rotten wood repair, some new interior paint and some repairs to the exterior will have your equity stacked! Make this into a rental or even a flip! With the price at $55, 000, there is room to make some cash whichever route you decide to go in! Arcadia is a growing community with a need for affordable housing (renovate and flip) and a need for rentals. Or if you are looking for a home to put some money into and call it your own, this could definitely be an option that you would want to look into. I can see a charming front porch with a metal roof. Inside I can see LVP flooring with some freshly painted walls. A cute and comfortable home to call your own. Whatever your plans are, make sure you check this property out. It is priced to sell! (Exact repairs needed are unknown and a home inspection is always recommended. )
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William Raveis Real Estate
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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 | $44,000 | $44,000 | $44,000 |
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 | $118 | $118 | $118 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $293 | $292 | $377 |
Total Monthly Payment | $486 | $485 | $570 |
* 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.