Unlock the potential of this mobile home nestled on a generously sized land lot, offering endless possibilities for savvy investors and DIY enthusiasts alike. Whether you're looking to fix and flip or renovate for a lucrative rental investment, this property presents an exceptional opportunity to create value and generate income.
Property Highlights:
Large Lot: Enjoy the benefits of owning a sizable piece of land, providing ample space for future expansions, landscaping projects, or outdoor amenities.
Investment Potential: With an estimated investment of just $35, 000, you can transform this property and build significant equity. Comparable homes in the area have shown strong appreciation, ensuring a solid return on investment.
Renovation Ready: The mobile home is a blank canvas, awaiting your creative touch. Whether you're a seasoned flipper or a first-time investor, this property offers the perfect opportunity to apply your skills and vision.
Rental Income Potential: Renovate and rent out the mobile home for a steady stream of income. The demand for rental properties in the area remains strong, making this a sound investment choice.
Convenient Location: Situated in a desirable area with easy access to local amenities, schools, and major highways, making it attractive to potential renters or future buyers.
Don't miss out on this chance to capitalize on a prime investment opportunity. With the right vision and investment, this mobile home can be transformed into a profitable asset.
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Our Executive Mortgage Banker:
Our Insurance Division:
$227,000
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 | $181,600 | $181,600 | $181,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.055% | 6.256% |
Monthly Tax Payment | $194 | $194 | $194 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,208 | $1,193 | $1,531 |
Total Monthly Payment | $1,477 | $1,462 | $1,800 |
* 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.