28d • General discussion
Wow.... Do you know someone wanting into the Market?
I went to see these two homes today and I was blown away by the potential to live for a very low monthly payment. At 3112 Steele St there are 2 suites that could be rented for about $1500 and $1000, so for a total of $2500 per month. I've recalculated the down Payment to $53,000 + the Property Purchase tax at $5600, so the Buyer would need to come up with $58,600 to get in. The total Mortgage would be $3946.00 but when you subtract the rent, the buyer would pay only $1446 per month. (of course you would pay utilities on top of that. Insane....
I've included a new Payment sheet below.
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5 comments
Wow.... Do you know someone wanting into the Market?
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