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Take advantage of this income generating opportunity! The parcel includes both 1802 Calhoun and 126 Upper Muller resting on a nice sized lot that allows for individual yard space as well. Each bungalow offers 1BR and 1BA. The property provides a good rental history with 126 Upper Muller @ $700 mo and 1802 Calhoun @ $300mo. Newer roofing is found on both bungalows. (Upper Muller has a newer HVAC). 126 Upper Muller has had ongoing improvements to the interior during the listing period and offers a comfortable living space, while 1802 Calhoun currently has improvements being completed. The potential for higher rental income is possible here. Buyer and Buyers agent responsible for verifying information that is pertinent to them such as but not limited to sqft, lot size, property restrictions etc. . . . . . Please verify all information
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $72,000 | $72,000 | $72,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.695% | 6.810% | 6.026% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $414 | $461 | $598 |
Total Monthly Payment | $489 | $536 | $673 |
* 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.