[quote=njtosd]The CV listing is especially bad considering that it is on Mykonos Ln, which is a tiny street that leads to CVMS and the Boys And Gurls Club. The traffic is horrible for an hour or so each morning and afternoon.[/quote]
That townhome complex is pretty nice for a townhome…The traffic is not great, but it’s a convenient location and starting families can easily drop their kids off by walking at CVMS and/or boys/girls club….
I didn’t think these were renting out as much as they were….During the downturn, I did see a few 3/3 going for around $490k i think
So I’m think $400k loan @ 4% is around $1900/month… Add another 6500 for PropertyTax+MR+ins, and that’s an additional $542/month. So $2442, maybe $2500/month…
For CarmelV, near break even or slightly above, not bad given it’s CarmelV. Of course, now these probably sell for around $650k, so it’s not a good idea for them being rentals now…I didn’t think rent would catch up that quickly…
