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Investor’s dream property just steps from Lander University! This fully updated home, leased through June 1, 2025, generates $2, 950/month with tenants covering CPW, Wi-Fi, and lawn maintenance – with room for even more income growth. Boasting 6 bedrooms and 4 bathrooms, the property features a completely remodeled kitchen with updated cabinets, granite countertops, and new flooring, as well as the addition of a master bedroom. With stunning 12-ft ceilings, original hardwood flooring, and detailed trim, this home blends historic charm with modern updates. Additional highlights include two master bedrooms (one on each level), three wood-burning fireplaces (inspection required prior to use), and updated bathrooms throughout. Located directly across from Landers Campus -minute walk to campus(Math and science building), this property is ideal for Lander students, professors, or as a continued rental unit for the great income opportunities. Please note: A minimum of 24 hours' notice is required for showings.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
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Loan Amount | $236,000 | $236,000 | $236,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.303% | 6.510% |
Monthly Tax Payment | $499 | $499 | $499 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,492 | $1,590 | $2,024 |
Total Monthly Payment | $2,066 | $2,164 | $2,598 |
* 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.