**EXCELLENT INVESTOR OPPORTUNITY- 7% ROI- Market rents go for $2400 (seller has other units already rented for that amount!) COA ALLOWS IMMEDIATE RENTING!! This 2/2 (has a 3rd bonus room) in the highly sought after and well maintained/managed community of Royale Gardens is the PERFECT Condo to add to your rental portfolio. BUILT IN 1987! LOW monthly Maint fee of $355 (w/reserves), a split floorplan, washer/dryer in unit and a storage room on your front patio make up this condo. Unit features an updated kitchen appliances with Stainless steel appliances and updated bathroom vanities. 2021 A/C. Community has a pool. Front patio features a storage room and very spacious! Seller has THREE (3) other units for Sale in this community as well- SEE MLS# A11590774.
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William Raveis Real Estate
Phone: 888.699.8876
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 | $196,000 | $196,000 | $196,000 |
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 | $293 | $293 | $293 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,354 | $1,320 | $1,667 |
Total Monthly Payment | $1,722 | $1,688 | $2,035 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.