PLEASE DO NOT MISS THIS GREAT OPPORTUNITY! This charming mid-century ranch-style property, built in 1957, offers a unique opportunity for investors to create value with a modern upgrade while preserving its charming original features. Nestled on a corner lot, in a well-established neighborhood, the property features 3 bedrooms and 1 and half bathrooms, with approximately 1, 472 square feet of living space on a spacious lot. The home boasts large picture windows for natural light, a spacious living room and original Terrazzo floors may be throughout under carpeting which can be enhanced to appeal to today’s buyers or tenants. The kitchen includes updated cabinets and stone countertops. Structural bones are sound, but updates to plumbing, electrical, and HVAC could increase property value and appeal. This property offers a generous backyard and large screened patio to enjoy family gathering or delight in a cup of morning coffee. This property is located close to parks, schools, and shopping. Whether you’re looking to flip, rent, or hold, this property promises a strong rate on your return in a desirable area with appreciating values. Do not wait, schedule an appointment to view your next property!
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William Raveis Real Estate
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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 | $300,000 | $300,000 | $300,000 |
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 | 7.563% | 7.159% | 6.276% |
Monthly Tax Payment | $251 | $251 | $251 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,996 | $1,994 | $2,530 |
Total Monthly Payment | $2,322 | $2,320 | $2,856 |
* 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.