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Don’t miss out on this quadplex that everyone has been looking for! Seize this incredible opportunity with an impressively rare current cap rate of 10. 01%, and the potential to exceed 12. 98%. Investors appreciate the property’s easy maintenance, and separate utilities allowing for low expenses. The property has seen renovations throughout which includes a new rubber membrane roof and unit updates. Embrace enhanced energy efficiency through newer windows and the installation of two new heating systems. Step into the unit and explore its updates, such as new luxury vinyl flooring, a contemporary paint finish, brand-new stainless steel appliances, in-unit washer and dryers with hookup, and various other upgrades. Discover some of the charming details of the space, from the warm touch of pine hardwood floors to the elegance of tiled bathrooms. Tenants appreciate its location being conveniently located in downtown Milton across from Milton 3 Ponds. Situated just minutes away from schools, convenience stores, town hall, the seacoast, lakes, mountains, Route 16, and numerous other amenities. Can be purchased at a discount if bought togother with 545 WMH
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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 | $559,200 | $559,200 | $559,200 |
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 | $440 | $440 | $440 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,535 | $3,767 | $4,795 |
Total Monthly Payment | $4,067 | $4,299 | $5,327 |
* 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.