Welcome to an exceptional income opportunity! This charming property presents a unique offering: a 2-bedroom, 1-bathroom home with an additional bonus – an extra trailer included in the purchase which is a 1 bedroom, 1 bathroom. This income property is perfect for investors or those looking to maximize their real estate portfolio.
The main residence features two cozy bedrooms and a well-appointed bathroom, creating a comfortable living space. The open layout of the home enhances the sense of space, making it both practical and inviting. The kitchen is equipped for efficiency, providing a functional hub for daily activities.
What sets this property apart is the added value of an extra trailer, allowing for additional rental income or versatile living arrangements. Whether you choose to lease it out or use it for extended family, this extra dwelling expands the possibilities for your investment.
Situated in a convenient location, this property offers proximity to amenities, schools, and transportation, enhancing its rental potential. With the bonus trailer, you have the flexibility to diversify your rental strategy, catering to a variety of tenant needs.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
Our Insurance Division:
$150,000
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 | $120,000 | $120,000 | $120,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.775% | 6.790% | 6.034% |
Monthly Tax Payment | $81 | $81 | $81 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $819 | $768 | $996 |
Total Monthly Payment | $975 | $924 | $1,152 |
* 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.