3 ms·
$450/mo property taxes (paid bi-annually) $2800/mo interest on my 5.5% $600k mortgage $1000/mo repairs. $500/mo insurance. $200/mo equity on the loan. I'm
by itake 4y ago
$450/mo property taxes (paid bi-annually)
$2800/mo interest on my 5.5% $600k mortgage
$1000/mo repairs.
$500/mo insurance.
$200/mo equity on the loan.
I'm spending $57,600 to buy $2,400 of equity.
- jonfw 4y agoIf it costs 2k/mo just to insure, maintain, and pay taxes on your property, how is somebody renting something comparable for 3k? the landlords in your neighborhood are only taking 1000 a month to service their loans, their overhead, and then take profit? Sounds like a tough business