1409 Caramillo
FHA Assumable
4.56% Rate
50 photos
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1409 Caramillo

Colorado Springs, CO 80909

8
Bedrooms
4
Bathrooms
3,105
Sq Ft

Payment Calculator

$4,304per month

In an assumption, your down payment covers the seller's equity. You'll need at least 5% of the purchase price in cash, and the rest can be covered with secondary financing.

How much can you bring down?$31,495
$31,495$514,081
Secondary Financing8.5% Rate
$482,586
Blended rate7.73% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$3,782/mo
Assumable @ 4.56% + gap
$4,304/mo
$0
per month
$0
per year
$0
over 30 years

🏦 Loan Details

List Price
$629,900
Assumable Rate
4.56%
Remaining Balance
$116,296
Loan Type
FHA
Est. Equity Gap
$514,081
Annual Taxes
$2,125
HOA/mo
$37

About This Home

Brick fourplex directly across from Patty Jewett golf course frontage on a rare 15,387 sqft double lot in Golf Club Acres. Four 2-bed/1-bath units, all ground level with private entrances and original hardwood floors. Gas and electric utilities are individually metered; tenants pay their own. Three units are occupied on month-to-month terms at $3,025/month with market rents at $1,100+/unit, offering immediate upside. Fourth unit is vacant, and move-in ready, making this an ideal FHA/VA owner-occupant opportunity or immediate lease-up for an investor. Washer/dryer hookups are in the units. Off-street parking, mature trees, and no facing neighbors. These rarely become available in this pocket.

Data Source: REcolorado MLS

Listing information is deemed reliable but not guaranteed. All data provided by the MLS and is subject to change. The Assumable Guy is not the listing agent for this property. Contact us to connect with the listing agent and explore assumable financing options.

This listing
$629,900
4.56% rateFHASave $2,864/mo

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