Rented for the next 30 months discover a rare and lucrative investment walking distance from Sacred Heart University's Center for Healthcare and Education, as well as its Main Campus. This beautifully modernized home, currently leased for $4, 750 per month until May 31st, 2027, offers a stable and attractive return on investment. Minutes away from Sacred Heart University, this property is in a prime location that ensures consistent demand. The home boasts a spacious floor plan encompassing 5 bedrooms, 2 full bathrooms, a modern kitchen, dining area, and living room-perfect for everyday living. The updated kitchen is equipped with stainless steel appliances, quartz countertops, and elegant finishes throughout, making it both functional and stylish. With a current monthly lease of $4, 750 investors can enjoy immediate revenue with the potential for growth in this desirable area. This turnkey property represents an exceptional opportunity for investors in a sought-after location. Whether you're looking to expand your real estate portfolio or step into investment property ownership, this home offers both immediate returns and long-term value.
Type | Description | Level |
---|---|---|
Bedroom 1 | Hardwood Floor | Main |
Bedroom 2 | Hardwood Floor | Main |
Bedroom 3 | Laminate Floor | Lower |
Bedroom 4 | Walk-In Closet,Laminate Floor | Lower |
Eat-In Kitchen | Island,Tile Floor | Main |
Family Room | Laminate Floor | Lower |
Full Bath | Tub w/Shower,Tile Floor | Main |
Full Bath | Stall Shower | Lower |
Living Room | Hardwood Floor | Main |
Primary Bedroom | Hardwood Floor,Laminate Floor | Main |
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $447,200 | $447,200 | $447,200 |
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 | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $558 | $558 | $558 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,975 | $2,972 | $3,771 |
Total Monthly Payment | $3,625 | $3,622 | $4,421 |
* 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.