Check out this property, Professional Managed by Locklear Property Management!
Unlock the potential of this lucrative investment opportunity! This well-maintained rental property is a standout choice for savvy real estate investors seeking a steady income stream and minimal management hassle.
The property is a 3 bedroom 1 bathroom with long term paying tenant in place. The tenant wish to remain the in the property and does not have any desires to vacate. Lease ends on 09/30/2025.
Per building permits, roof was replaced in 2022.
Buyer is recommend to get inspection completed to verify all other aspects of the property.
This property is an excellent addition to any real estate portfolio, offering both immediate cash flow and long-term value. Don't miss out on this opportunity to expand your investment horizons with a property that delivers reliable returns.
No Creative or Sub to Offers Accepted
EMD is due within 3 days of accepted PASA
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Our Executive Mortgage Banker:
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$130,000
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 | $104,000 | $104,000 | $104,000 |
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 | 7.404% | 7.133% | 6.236% |
Monthly Tax Payment | $94 | $94 | $94 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $692 | $691 | $877 |
Total Monthly Payment | $861 | $860 | $1,046 |
* 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.