In a great location this property is bursting with income potential! It is currently set up as a 5 bedroom, 2 bathroom, owner occupied, home with a separate 3 bedroom 2 bathroom, tenant occupied, home across the driveway. How nice to be able to live in one home and rent out the other?! In the main, Farmhouse you will fall in love with the large wrap around porch, that also provides multiple entrances and exits to the home. The first floor flows nicely with large living and dining rooms adjacent to each other with a cozy fireplace. There is also a spacious, eat-in, kitchen that has had some recent improvements. You will find wood floors throughout the home and even more hiding under the carpet! The first floor has a full bathroom, laundry room and one small bedroom/office. On the 2nd floor there are four more bedrooms and one full bathroom. The Farmhouse could potentially be split up to create two units or more! Electric, water heater, roof, furnace, windows and plumbing have all been updated in the last five years. There is a full, concrete and granite basement with loads of storage space. You don't want to miss the chance to invest in a property in the desirable and quaint village of Walpole!
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $359,200 | $359,200 | $359,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 7.125% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.474% | 7.282% | 6.412 |
Monthly Tax Payment | $642 | $642 | $642 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,481 | $2,420 | $3,055 |
Total Monthly Payment | $3,198 | $3,137 | $3,772 |
* 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.