回复：one more question

Personally, I do not like condo. But it is all depending on your situation and your personal choice. Like this (compare the current value), if you have 150K cash, you can buy 1 house and 3 condos. The house is really close to campus and it is very easy to rent out. The condo is 1.2 mile from campus and it is easy to rent out. No management and maintenance fee are counted in this table. Rate 4.75% is for investment and 4.5% (or 4.25%) is for 2^nd home.

 

House (2012 value)	6bd/3ba	2100sf
Cost	525000	Rates	Year	Monthly Cost	Monthly Rent	Addition Cost
25% Down payment	131250				4200
Mortgage	393750	4.75		2054		4000	closing cost
		Tax	6300	525
		Mello-Roos		0
Total Cash		Insurance	650	54
135250		HOA		0
		Management		0
		Cable, Phone & Internet		0		Cash Flow
		Total		2633		1567
Mortgage	Rate	Principal (1st year Ave)	P&I	Total Cost/month	Minimal Rent	Cash Flow	Rent Target	Cash Flow Target
314250	4.375	506	2054	$2,633	$4,000	$1,367	$4,400	$1,767
Current rent cash flow %	13.90
Total cash flow %	18.39	plus principal

 

 

Condo (bought 2012)	2bd/2ba
Sale Price	25% DP	Loan	Rate	Monthly P&I	Principal(1st year Ave)	HOA	Insurance
$172,000	$43,000	$129,000	$4.5	$654	$173.00	$298	$30
other cost	$3,000			Tax	Total Cost/month	Rent	Cash Flow
Total cost	$46,000			157.67	1139.67	1500.00	360.33
Current rent cash flow %	9.40
Total cash flow %	14.88	plus principal

House (bought 2010)	6bd/3ba	2100sf
Cost	419000	Rates	Year	Monthly Cost	Monthly Rent	Addition Cost
25% Down payment	104750				4200	10000	Remodeling
Mortgage	314250	4.375		1569		4000	closing cost
		Tax	5028	419
		Mello-Roos		0		5499	1.75% point
Total Cash		Insurance	600	50
124249		HOA		0
		Management		0
		Cable, Phone & Internet		0		Cash Flow
		Total		2038		2162
Mortgage	Rate	Principal (1st year Ave)	P&I	Total Cost/month	Minimal Rent	Cash Flow	Rent Target	Cash Flow Target
314250	4.375	432	1569	$2,038	$4,000	$1,962	$4,400	$2,362
Current rent cash flow %	20.88
Total cash flow %	25.05	plus principal