Well. . it was under agreement but the buyer got a little bit of "cold feet". . . The home inspection had a few things they weren't expecting. . . but so what. . . !!!! THE OWNER JUST DROPPRD THE PRICE $10, 000. This is a chance to own a HUGE property. . . either as a duplex. . . or single family. It currently set up as a duplex, , , but conversion to a single family would be a breeze. You also have plenty of room to add on as well. . . ! This sits on a large corner lot and the remnants of a garage foundation is there and owner checked with code officer and he said it could be rebuilt with just a permit. . . no special exceptions etc. Property was totally renovated a few years ago. . . by previous owner. . . so windows, kitchens, baths cabinetry ARE all of newer quality. . . There are a few minor things that could be "buffed up". No big issues are known. . AND this building had a certificate from state certifying it as being abated from from lead!! Anticipated gross rent is pegged at about $3500 to #4000 per month. . . and possibly higher. . . some say up to $4000 per month. Last tenant moved out and owner is leaving it empty to facilitate a quicker sale. . . Listing agent IS THE OWWNER of the property. Owner will consider some short term financing in order to get over the mortgage contingency. . . Call or email for more info.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $295,920 | $295,920 | $295,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.483% | 6.273% | 5.268% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,798 | $1,798 | $2,339 |
Total Monthly Payment | $1,873 | $1,873 | $2,414 |
* 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.