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Attention investors and cash buyers! This Mount Vernon, NY property presents a rare opportunity for those looking to add value in a high-demand area. The home is being sold As-Is, with tenants in place, offering potential rental income or redevelopment possibilities. Key Features: - Tenants in Place: The property is occupied by tenants without a lease. The new owner must decide whether to negotiate a lease or proceed with eviction. - No Interior Access: Details about the interior are unknown. Buyer must purchase sight unseen. - Cash Sale Only: Due to property conditions, cash offers are required—no financing or inspections. - Do Not Disturb Tenants: Showings are NOT permitted. Please respect the tenants’ privacy. This is an excellent opportunity for investors willing to navigate tenant occupancy or those looking to transform this property into a lucrative asset. Located in a desirable part of Westchester County, this home has incredible potential for the right buyer. If you're ready to take on this high-reward investment, reach out today! Serious inquiries only.
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Our Executive Mortgage Banker:
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$499,000
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 | $399,200 | $399,200 | $399,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.007% | 7.063% | 6.132% |
Monthly Tax Payment | $921 | $921 | $921 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,490 | $2,622 | $3,342 |
Total Monthly Payment | $3,486 | $3,618 | $4,338 |
* 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.