INVESTORS ONLY - Step into a slice of history with this beautifully maintained 3-bedroom, 2-bath Cape Cod-style home, originally built in 1780. Nestled on 3. 46 acres of open, rolling land, this property boasts serene country living with two driveway entrances, a sprawling mowed field, and an additional large field area perfect for gardening, farming, or recreation. Inside, the character of the home shines with a large dining room featuring a cozy fireplace-ideal for family gatherings or entertaining guests. Modern updates include a new roof and a new septic system, offering peace of mind for years to come. The home also comes equipped with a generator, ensuring you're tenan prepared for any weather. Enjoy peaceful mornings or relaxing evenings on the covered porch, and make use of the garden shed for all your outdoor projects. Currently rented for $1, 575/month on a month-to-month lease, the property offers great investment potential with the opportunity to raise the rent to $1, 921/month per market trends. The current tenants are in good financial standing, giving you the flexibility to either maintain this income stream or move into the home yourself and enjoy the quiet beauty of the landscape. Don't miss out on the chance to own this charming, historic gem with modern conveniences and plenty of room to grow your investments! Lots of space for a potential build on the other side of the lot! Contact the agent for additional information. More info available at: www. homeinct. com
Type | Level |
---|---|
Bedroom 1 | Upper |
Bedroom 2 | Upper |
Dining Room | Main |
Full Bath | Upper |
Full Bath | Main |
Living Room | Main |
Primary Bedroom | Main |
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $240,000 | $240,000 | $240,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $374 | $374 | $374 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,597 | $1,595 | $2,024 |
Total Monthly Payment | $2,046 | $2,044 | $2,473 |
* 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.