Calling all house hackers! This super cute renovated bungalow in the heart of Springfield allows you to live in the front and rent out the attached accessory unit in the back. Featuring original hardwood floors, tasteful bathroom and kitchen updates, and all of the character of a 1920s home, this property is move-in ready and just awaiting your furniture! The front unit boasts built in bookshelves in the living room, a focal point fireplace in the dining room, fully updated kitchen with stainless steel appliances, and a convenient layout with 2 well-sized bedrooms and a beautiful bathroom. The back unit has its own kitchen, bathroom, and full bedroom as well as a living space. Laundry available in both units. The roof is 6 years old, HVAC from 2021, and back unit includes its own sub panel. The front porch is the perfect place for morning coffee or to gather with friends. Just blocks from all of the happenings of Main St, the Phoenix Arts District, and all of the events within Historic Springfield. Parking is easy here with your own private driveway! Lot next door is not included. Both tenants are on a month to month lease. Rents are $1500 in the front, $1000 in the back.
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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 | $271,920 | $271,920 | $271,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.582% | 7.159% | 6.518% |
Monthly Tax Payment | $233 | $233 | $233 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,855 | $1,807 | $2,332 |
Total Monthly Payment | $2,163 | $2,115 | $2,640 |
* 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.