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A great investment!! Business/Commercial location. This property is an incredible opportunity! It's a fantastic mix of residential and commercial potential. A 2-car garage to store your treasures and or your toys. See some of the highlights that make this a unique investment. Ideal Location, situated directly on the ATV road and just minutes from Jericho Lake and local festivities, this is perfect for adventure enthusiasts and visitors seeking outdoor fun. Multi-Purpose Use, renting out the first floor for a small business while living in one unit and renting the third is a smart way to maximize income and use the space efficiently. Proximity to Amenities, with nearby restaurants, hospitals, a medical center, and attractions like the Notre Dame Arena, it offers convenience and appeal for tenants or business clients. Tourism Appeal, the ATV trail access and connection to local festivities are excellent draws for tourists, which can be a big boost for the property's rental potential. If you're considering this property, the possibilities are truly endless! Call me to schedule your viewing!! The sky is the limit!!
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $175,920 | $175,920 | $175,920 |
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 | $376 | $376 | $376 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,112 | $1,185 | $1,508 |
Total Monthly Payment | $1,563 | $1,636 | $1,959 |
* 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.