A beautiful 3-bedroom/ 2 full bath home on approximately 13. 22 acres, with a spectacular income opportunity from the included Solar Panel Farm with Ground Lease Agreement. Approximate quarterly income from lease is $2800; 30-year lease with 20 years left on lease; and a 1. 5% rental increase each year. The home has vinyl exterior finish, 2-car side entry garage, and is on a level 2, 83-acre lot with fenced yard. The interior features an open floor plan, waterproof and scratch proof laminate flooring and lots of windows for natural lighting. There is a gas log fireplace in the living room. The kitchen also has great lighting. Bedrooms all on one level with full bath in primary. At the back of the home is a great covered screened porch and deck that offers many days and nights relaxing, grilling, or entertaining. Beyond the covered porch and past the fenced yard is the solar panel farm which sits on approximately 10-acres. See associated documents for more detailed information. Not only is this a great home to have as your own, but also a spectacular income opportunity from the solar farm! Schedule your private showing today!
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$699,900
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $559,920 | $559,920 | $559,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.708% | 7.133% | 6.256% |
Monthly Tax Payment | $452 | $452 | $452 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,867 | $3,721 | $4,722 |
Total Monthly Payment | $4,411 | $4,265 | $5,266 |
* 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.