Monthly Budget for this house
$170K plus closing cost and renovation $10K = $180000
$180000 mortgage Principle and interest is $1140 per month.
Tax $250 per month
Insurance $40 per month
No HOA.
Monthly carrying cost is $1430.
Rent for $1700.
I will have $270 income per month on this one.
When the market is stablized, I will be able to sell at least $250K and make $70K with ease. But I will hold it until I can sell for $470K again.
$180000 mortgage Principle and interest is $1140 per month.
Tax $250 per month
Insurance $40 per month
No HOA.
Monthly carrying cost is $1430.
Rent for $1700.
I will have $270 income per month on this one.
When the market is stablized, I will be able to sell at least $250K and make $70K with ease. But I will hold it until I can sell for $470K again.
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