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Updated almost 3 years ago,
Is this property worth it?
Hello BP Ohana,
I'll be facing an issue here in the very near future and I really need some expert insight and advice on my best approach to the situation. I currently own a SFH (primary residence) with my soon to be Ex-wife in Hawaii, as we proceed with the divorce process I'll soon face the decision on either selling the home or attempt to buy her half out. Initially I 100% wanted to keep the home, although, after learning a bunch of methods and simple formulas to determine if its even worth keeping, my confidence substantially dropped. If anyone can assist I can provide additional information to aid in coming to a conclusion.
Primary Residence: Waianae, HI - 3 Bedroom, 2 Bathroom. 1,196 sq. ft. on a 4,210 sq. ft. lot (Recently Built in 2019)
(Purchased in July of 2020)
Remaining Mortgage: $468,546.00/$2,177.17mo (2.75%)
Est. Value: $620,000 Est. Rent: $2400.00
Property Tax: $1,972.00 (2021)
T.I.A.