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Updated over 7 years ago on . Most recent reply

User Stats

129
Posts
16
Votes
Michael P.
  • Marlton, NJ
16
Votes |
129
Posts

Property Value 80k - what about PURCHASE PRICE?

Michael P.
  • Marlton, NJ
Posted

Hi everyone,

Worth 80, has tenants, paying 800 monthly, no actual work necessary. I am doing a 30yr, 25 down, 5.125 rate, my payment 280.  After mortgage, tax, insurance payment I will be positive 366.

What should my purchase price be?

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