For 160K house:
Downpay 40K.Loan 120K @4% 15Y-fixed
Income: Rent 15K
Cost: Tax 2.5K+Insurance 1K+ Repair 1K+ Mortage payment 10.5K = 15K.
I get nothing but equity in the house.
Is that considered to be resonable or bad?
For 160K house:
Downpay 40K.Loan 120K @4% 15Y-fixed
Income: Rent 15K
Cost: Tax 2.5K+Insurance 1K+ Repair 1K+ Mortage payment 10.5K = 15K.
I get nothing but equity in the house.
Is that considered to be resonable or bad?
• 15k-2.5k-1k-1k-5k(interest)=5.5k on 45k investment(5k closing co -borisg- ♀ (164 bytes) () 09/05/2012 postreply 14:50:47