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One or more photo(s) has been virtually staged. Spacious 3-Bedroom 2/1-Bathroom Townhome located in the heart of town n country has Phenomenal Rental Income!! Current ROI is 8. 54%!! Tenant in place until July 31st, 2025 and is paying $2195/month. Inside, you’ll find a smart and functional layout with generous living space and natural light throughout. The entire unit has been freshly painted, various kitchen renovations, and all 3 bathrooms have been upgraded as well, with new vanities, fixtures, etc. A brand new water heater was installed last month, ensuring energy efficiency, and all new vinyl flooring was installed along the stairs and in the upstairs bedrooms. The largest secondary bedroom, also features a private balcony, ideal for relaxing or entertaining. Downstairs, you’ll find a large master suite with it’s own ensuite bathroom that was upgraded earlier this year, and off the living room is the in-unit laundry closet. There is plenty of storage with a large closet under the stairs, and your own private storage closet off the covered carport. Currently occupied by a reliable tenant paying $2, 195/month, this property is an excellent opportunity for investors looking for steady rental income from day one. HOA includes: Water, Sewer, Trash, Security, Gated Community, Landscaping & Lawn Maintenance, Community Pool, Fitness Center, Exterior & Common Area Pest Control. Whether you're looking to expand your portfolio or find your next home, this townhome is a must-see!
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $183,200 | $183,200 | $183,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.063% | 6.152% |
Monthly Tax Payment | $234 | $234 | $234 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,158 | $1,203 | $1,534 |
Total Monthly Payment | $1,467 | $1,512 | $1,843 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.