46 Townhouse Rd Unit 48 Allenstown, NH 03275

CAN YOU AFFORD $202 A WEEK? This is a FANTASTIC OPPORTUNITY for the 1st time homeowner to own an AFFORDABLE, true side by side duplex in good condition, w/a SUPER LOCATION (5 mi. to I-93, 8 mi. to Concord, and 10 mi. to Manchester.) Located in a desirable, quiet neighborhood close to schools,stores, and services! Each unit offers 2 spacious bedrms, a kitchen,living rm, and good closet space. Both have their own individual entrance, private laundry hook-ups, a full walk out basement for each unit, a private deck, separate storage attic, and parking for 2 cars. Each has a half bath down, and a full bath up. Numerous bath updates, with new carpets on the rented side, and a new kitchen floor on the owner’s side. Two new hot water heaters. U#46 is YOUR unit, while U#48 is your tenant unit, presently on a 12 mo. lease (expires 8/2018.) Current rent: $1,200 per mo. You could live for $202+/- per wk out of pocket. How? Let’s do the math. You pick up an FHA loan, on a 3 ½% d-payment, finance $255,725. Principal & Interest, assuming a 4.25% interest rate, and you’ve got $1,258. Add $460 for real estate taxes, another $125 in haz. insurance, & $166+/- in pvt mortgage insurance. TOTAL: $2,009, but from a cash flow perspective, SUBTRACT $1,200 in mo. rent! ($2,009 - $1,200 = $809]. So, $809 per mo., or $202 per week, and you’re living in this fantastic home for $29 a day OUT OF POCKET!. Check with your lender. You can likely include 75% of your tenant rent in your loan qualification.