Wow! Whether you're an investor or looking for an opportunity to be owner occupied, this fantastic 2 family home in the Friendly Community of Cranston will not disappoint. Located in a quiet, well maintained neighborhood surrounded by single family homes boasting pride of ownership. Home is bright, clean, full of newer windows, new roof and new natural gas heating systems. Refinished hardwood floors, spacious family rooms and large dining rooms. Remodeled large eat in kitchens with separate galley with new cabinets, stove, dishwasher, sink, faucet and garbage disposal. Full unfinished 3rd floor offers endless possibilities for expansion. Clean basement has tons of storage. 1st Floor Porch or 2nd Floor balcony is a great place to relax. Fenced Yard. Detached 2 Car Garage. Total rental income for both apartments = $4, 000/month. First floor has lease in place. 2nd floor is ready to be owner occupied or rented. Quick and easy access to 95 and Route 10. Don't miss out on this one!
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Our Executive Mortgage Banker:
Our Insurance Division:
$630,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $504,000 | $504,000 | $504,000 |
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 | $475 | $475 | $475 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,269 | $3,227 | $4,185 |
Total Monthly Payment | $3,836 | $3,794 | $4,752 |
* 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.