The Residential Real Estate Crash Index Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: fatty who wrote (14202)	10/7/2003 11:17:13 PM
From: David Jones	Read Replies (1) of 306849

qt....30-40% at the current price level..... One would hope so but even that's not enough. Two doors down just sold. 405k two/two that will not return more than sixteen hundred per month. Less 40% = 243k @ 7% =$1617.00 per plus 1.41 tax 475.86 per for a loss of $500 per month omitting insurance costs. It was bought my an investor group. They run in packs now. "7% estimated for non owner occupied" Last week this one got me interested enough to investigate. Only because the location appealed to me for my own residence. 685k 3/2 with studio "all needs work" could return $1950.00 plus $600.00 studio. Left as is for the most part $2550.00 per for income. Less 40% = 411k @ 7% = $2735.00 per plus 1.37 tax 782.00 per for a loss of around $967.00 omitting insurance. I could make this one work if I can get the price down 50 to 70k. Plow that plus another 30k or better into making repairs fight the zoning to add another unit "$1200.00 more income". And....

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next