Excellent investment opportunity in Belmont! Long term rental history in combination with very low operational expenses will make this a nice addition to a portfolio or an owner-occupied property. This three-unit multi-family consists of one 3BR, 1BA on the second floor and two mirror image 1BR, 1BA units on the ground floor. Located in a quiet neighborhood on 1. 21 rural acres but close to downtown Belmont, Laconia, Tilton and all local major commuter routes (Rte. 3, I-93, Rte. 132). Proximity to Silver Lake, Lakes Winnisquam and Winnipesaukee providing boating, water sports, shopping, golf or ski Gunstock a few miles away – you name it, you’re right in the heart of the Lakes Region! All units are equipped with newer Rinnai propane monitors and electric baseboard heat as a backup. Improvements from 2017-2018 include architectural shingled roof, vinyl siding, & windows, along with above mentioned Rinnai heaters . The property also offers great off-street parking. 48 hour notice please for showings.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $428,000 | $428,000 | $428,000 |
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 | 7.551% | 7.042% | 6.160% |
Monthly Tax Payment | $643 | $643 | $643 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,847 | $2,812 | $3,609 |
Total Monthly Payment | $3,582 | $3,547 | $4,344 |
* 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.