FUTURE VALUE and versatility highlights othis 8 Family Investment property providing todays investor with imagination a golden opportunity and future return on investment. This property is for an investor that can think outside the box with exceptional opportunities of capital investment and improvement for rehab, potential of dormitory conversion and use and occupancy. Opportunities abound for this 2885 SF lot R6 zoned property. Located in the heart of the Belmont Section of The Bronx. 1. 5 Blocks from Fordham University, walking distance to the Arthur Avenue Market and specialty shops on Arthur Avenue and E, 187th Street. Walking distance to the cultural centers of the Botanical Gardens and Bronx Zoo. Simply put there is a tremendous upside for this investment property for the knowledgeable investor that cant be by-passed. Calculated Potential Gross Income $144, 000/yr. Opportunity is knocking at your door. Estimated GBA 6000 SF
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William Raveis Mortgage, LLC
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Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,159,200 | $1,159,200 | $1,159,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.250% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.902% | 6.360% | 6.056% |
Monthly Tax Payment | $1,317 | $1,317 | $1,317 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,582 | $7,137 | $9,704 |
Total Monthly Payment | $8,024 | $8,579 | $11,146 |
* 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.