Welcome to 24 Mowry Ave, a stunning 2-family home in Norwich, CT, currently operating as a successful Airbnb! Ideally located just minutes from Foxwoods and Mohegan Sun Casinos, this property offers an incredible investment opportunity. The beautifully designed home comes fully furnished and features two spacious units. The first-floor unit boasts 3 bedrooms, 1 bathroom, and an open floor plan that flows seamlessly into the backyard, perfect for entertaining. The upstairs unit includes 2 bedrooms, 1 bathroom, and both units are filled with tons of natural light throughout. Step outside to enjoy the private inground pool-a rare amenity that makes this property even more desirable for vacation renters and long-term tenants alike. Whether you're looking to continue the Airbnb business or create passive rental income, this property is ready to generate immediate returns. Don't miss this chance to invest in a prime location with proximity to major attractions!
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.625.5780
Brianna.Turgeon@raveis.com
NMLS Mortgage Loan Originator ID 2104486
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $299,920 | $299,920 | $299,920 |
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 | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | $551 | $551 | $551 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,995 | $1,993 | $2,529 |
Total Monthly Payment | $2,621 | $2,619 | $3,155 |
* 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.