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Invest in your future with this two family Colonial home which has a private country feel. With almost an acre of land on a quiet country road, this money maker is only a 3 minute drive from the college campus. Here is a great opportunity for an owner/investor to have your tenant help with the mortgage. Or maximize your profits with an existing net income of over 40K and there is still plenty of upswing potential. There is expansive off street parking and a large yard for tenants to enjoy the peace and tranquility that most folks are looking for. Both units offer 3 good sized bdrms plus a den and laundry. Located near Main St. offering convenient access to all amenities for every day living. Close proximity to recreational activities like golfing, hiking trails, state parks and Mohonk Mountain. Nearby restaurants and an active night life also make this an attractive property to own.
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Our Executive Mortgage Banker:
Our Insurance Division:
$549,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $439,200 | $439,200 | $439,200 |
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% | 7.025% | 6.132% |
Monthly Tax Payment | $1,124 | $1,124 | $1,124 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,776 | $2,885 | $3,677 |
Total Monthly Payment | $3,992 | $4,101 | $4,893 |
* 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.