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Don’t let this prime investment hide…check out this turnkey investment on 428 Morningside! This single-story, well cared for home features true hardwood floors throughout as well as updated mechanicals: new roof in 2017, new hot water heater in 2024 and septic tank pumped in 2024. The natural gas heater is efficient and keeps the home cozy and warm while window units efficiently cool the home. This is an estate sale that is being sold “as is, where is. ” Affordable taxes and close to Downtown and shopping on 28 Bypass. A rare find! ***HOME MAY BE SOLD TO CASH BUYERS ONLY. The home located at 428 Morningside Drive was constructed across the property line and part of it sits inside an unopened road. The Seller is selling this property “as is” with the title issue mentioned above. Seller will be signing a quit claim deed at closing. A marketable/insurable title will not be conveyed.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $39,920 | $39,920 | $39,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.159% | 7.166% | 6.268% |
Monthly Tax Payment | $40 | $40 | $40 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $256 | $265 | $337 |
Total Monthly Payment | $371 | $380 | $452 |
* 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.