Prime Value-Add Investment or Perfect Starter Home in Savin Rock! This charming 3-bedroom, 1-bath home at 341 Peck Avenue offers flexibility for both investors and owner-occupants. Investors will appreciate the value-add potential, with a large, level lot, mostly fenced backyard, central air, and a newer water heater. The property's solid structure is a canvas for upgrades, offering the chance to significantly increase its value. Updated homes in the area have gone for $370k+! For owner-occupants, this property is ideal as a cozy home with room to grow. Features include a welcoming 3-season porch, hardwood floors, and an eat-in kitchen. The first-floor bedroom and bathroom add convenience, with two additional bedrooms upstairs. Enjoy proximity to West Haven's beaches, parks, restaurants, and shopping, making it perfect for coastal living while still being close to city amenities. Whether you're an investor looking to unlock the home's potential or a buyer seeking an affordable home with future upside, this as-is property is a fantastic opportunity.
Type | Level |
---|---|
Bedroom 1 | Upper |
Bedroom 2 | Upper |
Dining Room | Main |
Living Room | Main |
Primary Bath | Main |
Primary Bedroom | Main |
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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 | $232,000 | $232,000 | $232,000 |
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 | $446 | $446 | $446 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,505 | $1,486 | $1,927 |
Total Monthly Payment | $2,026 | $2,007 | $2,448 |
* 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.