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Student Rental Property Marist College! Strategically located on one of the best college blocks! Money Maker! Comes with access to marketing/ management system. Fully Leased comfortable five-bedroom house with two full baths and the added bonus of a huge wraparound front porch. In 2017, the fifth bedroom was added and the porch refinished. New flooring, main floor bathroom and kitchen remodel within the last 3 years. The property sits high on a corner lot with nice yard and paved driveway. The oversized detached garage is currently rented for added income as well. This house is located within close proximity to four colleges in Poughkeepsie NY: 0. 76 miles to Marist College, 0. 81 miles to Dutchess County Community College, 1. 67 miles to the Culinary Institute of America (CIA), 2. 8 miles to Vassar College. Currently rented for the next 1. 5 years. Tenants pay all utilities and currently are billed for water/sewer usage. New gas furnace, New clothes washer/dryer, Hard wired interconnected smoke/CO2 detectors, Updated 100-amp electrical service, roof in good condition. Additional Information:
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Our Executive Mortgage Banker:
Our Insurance Division:
$429,900
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 | $343,920 | $343,920 | $343,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.995% | 7.037% | 6.046% |
Monthly Tax Payment | $892 | $892 | $892 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,146 | $2,259 | $2,856 |
Total Monthly Payment | $3,113 | $3,226 | $3,823 |
* 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.