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Updated over 12 years ago,

User Stats

10
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0
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Dan M
  • linden, nj
0
Votes |
10
Posts

Hypothetical Situation: Would you buy this Property?

Dan M
  • linden, nj
Posted

Here's very simple hypothetical situation. Would you purchase this home if you were investor looking to hold for 10+ years.

Home Price: 230k
Downpayment: 60k
Loan rate: 4.4%
Improvements/Repairs: 10k
Annual Taxes/Insurance: 15k
Closing Costs: 15k

Monthly Payment/Expenses: $1500

Let's assume it's easy to find tenants and it commands a rent of 2500$ per month.

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