This modern 3-bedroom, 2-bath single-family home, built in 2021, is a perfect blend of style and functionality. The main home features luxury vinyl plank (LVP) flooring, stone countertops, and stainless steel appliances throughout. It also includes a washer and dryer and has a dedicated garage, offering convenience and ample storage. The main home is currently rented for $2, 288 month, making it a solid income generator. Additionally, the property includes an Additional Dwelling Unit (ADU) in the rear, offering even more potential income. The ADU has 2 bedrooms and 1 bath, complete with stainless appliances, stone countertops, a washer and dryer, and a spacious outdoor balcony?perfect for relaxing or entertaining. The ADU is located on the second floor above its own garage and is currently rented for $1, 500 month. With a total gross rental income of $3, 788 month, this property provides an excellent investment opportunity. It also offers a prime option for owner occupancy?live in one unit while renting the other for additional income once the leases end. Conveniently located near top-rated schools such as Campbell Park Elementary, John Hopkins Middle, and Gibbs High School, along with shopping at Tyrone Square Mall and nearby grocery stores, the home also offers easy access to outdoor recreation at Boyd Hill Nature Preserve and Campbell Park. This property is an incredible opportunity for investors or future homeowners looking to generate income. Schedule your showing today!
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William Raveis Real Estate
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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 | $500,000 | $500,000 | $500,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.760% | 7.042% | 6.160% |
Monthly Tax Payment | $201 | $201 | $201 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,453 | $3,285 | $4,186 |
Total Monthly Payment | $3,746 | $3,578 | $4,479 |
* 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.