Discover the ideal investment property with this newly built duplex, offering a prime opportunity to generate consistent rental income and long-term profit. Each unit in this modern, thoughtfully designed duplex boasts 1, 146 sqft of living space, featuring two spacious bedrooms and two full bathrooms. The open-concept floor plan is enhanced by luxury vinyl plank flooring throughout, ensuring durability and low maintenance. The kitchens are a chef's dream, with granite countertops that provide both style and functionality. One of the units is already rented, providing immediate income from day one, while the other unit is ready for you to place your ideal tenant or even occupy yourself. With on-site parking available, convenience is at your doorstep, making this property even more appealing to potential renters. Whether you're a new investor looking to start your real estate portfolio or an experienced investor seeking a property with steady cash flow, this duplex offers an excellent return on investment. Located in a growing area with high rental demand, this property is poised to deliver strong financial performance now and in the years to come. Don’t miss out on this fantastic opportunity to secure a profitable asset in your investment portfolio!
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$499,000
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 | $399,200 | $399,200 | $399,200 |
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 | $8 | $8 | $8 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,656 | $2,653 | $3,423 |
Total Monthly Payment | $2,739 | $2,736 | $3,506 |
* 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.