This 3-bedroom, 2-bathroom mobile home presents an excellent opportunity for investors looking to expand their portfolio, flip, or take on a fixer-upper project. Located in a quiet, established mobile home community, this property offers solid potential with a functional layout, including a spacious living room and an eat-in kitchen. The home sits on a generous lot with a private backyard that could be transformed into a great outdoor space. While the home is in need of updates and repairs, it presents a perfect canvas for renovation to increase value. With some cosmetic upgrades and TLC, this property could become a profitable rental or resale asset. The property is conveniently located near local amenities, schools, and major roads, adding to its appeal for future buyers or tenants. Investors will appreciate the opportunity to bring new life to this home and capitalize on the growing demand for affordable housing in the area. Whether you're looking to flip it for a quick return or renovate it for long-term income, this home offers strong potential. The community is well-maintained and offers a peaceful environment, making this a desirable location for future residents. Don't miss this chance to invest in a property with tremendous upside in a promising location. With the right vision and renovation, this mobile home could shine again and provide substantial returns.
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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 | $184,000 | $184,000 | $184,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.300% | 6.778% | 6.034% |
Monthly Tax Payment | $79 | $79 | $79 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,193 | $1,178 | $1,528 |
Total Monthly Payment | $1,347 | $1,332 | $1,682 |
* 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.