Welcome to this Legal 2 family Multifamily home in New Rochelle NY. The home has a driveway, off street parking, garage & is perfect for an investor who would like to start with tenants in place. This home also has a back yard, walk out basement, it is on a bus route, it's walkable to North Ave, Iona U, the Metro North, nearby Lincoln Park, The New Remington Boys and Girls Club, and Walkable to downtown New Rochelle, New Roc City Movies, Farmers Market, Library, Hospital, Ruby Dee Park, downtown entertainment, enjoy parks, Sound Shore, Glen Island Park and A host of restaurants all over the City. The 1st Floor with lower basement level access and to rear yard. 2nd Floor has attic access. There is off street driveway parking available for this Multi 2 Family & all in the heart of New Rochelle NY which is accessible to all major parkways and I95. Additional Information: HeatingFuel: Oil Below Ground, ParkingFeatures: 1 Car Detached,
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$720,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $576,000 | $576,000 | $576,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.443% | 7.133% | 6.256% |
Monthly Tax Payment | $1,442 | $1,442 | $1,442 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,881 | $3,828 | $4,858 |
Total Monthly Payment | $5,415 | $5,362 | $6,392 |
* 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.