Laura Jewett

Laura Jewett

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Closed

$535,000

($228,926 down)
FHA

901 W Kelly Drive, Loveland, CO 80537

4
2
1,416 sqft
PITI Monthly
$1,895.82 /mo

Listing courtesy of: Trelora Realty Team, TRELORA Realty, Inc.

Assumed Rate

4.22%
7.15%

Principal & Interest

$1,351 /mo
$1,979 /mo

What's Special

INVESTORS
FRESH PAINT
DESIRED
RENOVATED
HARDWOOD FLOORS
PATIO
RENTAL INCOME
INVESTMENT OPPORTUNITY

Attention investors! Don't miss this fantastic investment opportunity just one mile west of downtown Loveland. Perfect for both seasoned investors and first-time home buyers looking to offset mortgage payments with rental income, this duplex promises immediate returns and future potential. Property Highlights: Address: 901-903 W Kelly Dr, Loveland, CO 80537 Unit 901: Currently leased at $1,650/month to a stable tenant, ensuring consistent income. This unit features 792 square feet, an attached garage, and a backyard with a patio overlooking the scenic Barnes River. Unit 903: Newly renovated and ready to rent, with a potential rental income of $1,500 to $1,700/month. Recent updates include a newly tiled kitchen and bath, fresh paint, refinished oak flooring, upgraded doors and trim, new electrical outlets/covers, and new baseboards. Features: Both units boast hardwood floors. Proximity to downtown Loveland, parks, and schools ensures high demand for rental units. Unit 901 comes equipped with a washer and dryer. The seller is willing to install a washer and dryer in Unit 903 if desired by the buyer, with the option of a stackable unit in the closet, which may reduce storage space. This well-designed duplex is a prime addition to any investment portfolio, offering immediate income and the potential for future growth. Don't miss out on this opportunity!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4.22
Remaining Loan Term
37 years, 2 months
Monthly PITI
$1,895.82/mo
Estimated Loan Balance
$302,048
Cash to close
$228,926
Interest Paid
$36,897

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 2
Cooling & Heating
  • Cooling: None
  • Heating: Forced Air
Features
  • Materials: Brick, Vinyl Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Fenced Pasture
Roof
  • Roof: Composition
Parking
  • Garage: Yes
  • Garage Spaces: 1
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Public Sewer
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Duplex
  • Architectural Style: Traditional
Materials
  • Brick, Vinyl Siding
  • Roof: Composition
Condition
  • Year Built: 1963
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Romer
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Loveland

Financial Details

  • Price per Sqft: $377.82
  • Tax Annual Amount: $1881
  • On Market Date: 2024-07-25T00:00:00.000Z
Inquire about this property

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Savings Calculator

Current cash to close is $228,926 (43%)
You can enter any amount below - secondary financing will cover the difference if needed.
43%
$

You cover the entire equity of $228,926!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage4.22% Sellers Rate
$306,074
Your Cash$228,926
Total Purchase Price:$535,000

Assumed vs Traditional Mortgage

Assumed @ 4.22%
$1,351/mo
Traditional @ 7.5%
$2,064/mo
You save $713/month ($8,554/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC4068132

Listing From: recolorado

Last updated: 2024-10-09T10:46:16.000Z

© , recolorado. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.

Assumed Rate

4.22%
7.15%

Principal & Interest

$1,351 /mo
$1,979 /mo
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $228,926 (43%)
You can enter any amount below - secondary financing will cover the difference if needed.
43%
$

You cover the entire equity of $228,926!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage4.22% Sellers Rate
$306,074
Your Cash$228,926
Total Purchase Price:$535,000

Assumed vs Traditional Mortgage

Assumed @ 4.22%
$1,351/mo
Traditional @ 7.5%
$2,064/mo
You save $713/month ($8,554/year)

*Secondary financing rates are an estimated value based on input

Follow Us
UMe Assumptions
Agent/Broker
Laura Jewett(480) 628-2563laura@azinspiredliving.comMLS SA525254000

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© Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Listing Service. Real estate listings held by brokerage firms other than are marked with the Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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