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March 18, 2008 at 9:09 AM #12160March 18, 2008 at 9:26 AM #172302
ibjames
Participantyou see the association fee!?! yikes!
March 18, 2008 at 9:26 AM #172741ibjames
Participantyou see the association fee!?! yikes!
March 18, 2008 at 9:26 AM #172661ibjames
Participantyou see the association fee!?! yikes!
March 18, 2008 at 9:26 AM #172642ibjames
Participantyou see the association fee!?! yikes!
March 18, 2008 at 9:26 AM #172637ibjames
Participantyou see the association fee!?! yikes!
March 18, 2008 at 9:33 AM #172672maybe
Participant900 sq. ft, poor schools, planes overhead– It’s best use is as a rental unit.
What can it rent out for? $1800/month? With the association fee, it still doesn’t make a lot of sense…
March 18, 2008 at 9:33 AM #172312maybe
Participant900 sq. ft, poor schools, planes overhead– It’s best use is as a rental unit.
What can it rent out for? $1800/month? With the association fee, it still doesn’t make a lot of sense…
March 18, 2008 at 9:33 AM #172650maybe
Participant900 sq. ft, poor schools, planes overhead– It’s best use is as a rental unit.
What can it rent out for? $1800/month? With the association fee, it still doesn’t make a lot of sense…
March 18, 2008 at 9:33 AM #172751maybe
Participant900 sq. ft, poor schools, planes overhead– It’s best use is as a rental unit.
What can it rent out for? $1800/month? With the association fee, it still doesn’t make a lot of sense…
March 18, 2008 at 9:33 AM #172647maybe
Participant900 sq. ft, poor schools, planes overhead– It’s best use is as a rental unit.
What can it rent out for? $1800/month? With the association fee, it still doesn’t make a lot of sense…
March 18, 2008 at 10:01 AM #172662an
ParticipantWhat can it rent out for? $1800/month? With the association fee, it still doesn’t make a lot of sense…
If it does rent for $1800/month, A $200k condo, if you down 10%, the mortgage would be around $1000/month + $321/month HOA, Tax + Insurance ~$300-400/month. You’re looking at $1600-1700/month. That will yield about $100-200/month in profit = $1200-2400/year. That’s 6-12% profit from the $20k invested from the very first year. That sounds pretty decent to me considering rent will most likely go up over time, which will increase your ROI. The question is, can it really fetch $1800/month in rent?March 18, 2008 at 10:01 AM #172653an
ParticipantWhat can it rent out for? $1800/month? With the association fee, it still doesn’t make a lot of sense…
If it does rent for $1800/month, A $200k condo, if you down 10%, the mortgage would be around $1000/month + $321/month HOA, Tax + Insurance ~$300-400/month. You’re looking at $1600-1700/month. That will yield about $100-200/month in profit = $1200-2400/year. That’s 6-12% profit from the $20k invested from the very first year. That sounds pretty decent to me considering rent will most likely go up over time, which will increase your ROI. The question is, can it really fetch $1800/month in rent?March 18, 2008 at 10:01 AM #172759an
ParticipantWhat can it rent out for? $1800/month? With the association fee, it still doesn’t make a lot of sense…
If it does rent for $1800/month, A $200k condo, if you down 10%, the mortgage would be around $1000/month + $321/month HOA, Tax + Insurance ~$300-400/month. You’re looking at $1600-1700/month. That will yield about $100-200/month in profit = $1200-2400/year. That’s 6-12% profit from the $20k invested from the very first year. That sounds pretty decent to me considering rent will most likely go up over time, which will increase your ROI. The question is, can it really fetch $1800/month in rent?March 18, 2008 at 10:01 AM #172681an
ParticipantWhat can it rent out for? $1800/month? With the association fee, it still doesn’t make a lot of sense…
If it does rent for $1800/month, A $200k condo, if you down 10%, the mortgage would be around $1000/month + $321/month HOA, Tax + Insurance ~$300-400/month. You’re looking at $1600-1700/month. That will yield about $100-200/month in profit = $1200-2400/year. That’s 6-12% profit from the $20k invested from the very first year. That sounds pretty decent to me considering rent will most likely go up over time, which will increase your ROI. The question is, can it really fetch $1800/month in rent? -
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