The Power Of Home Ownership Vs. Renting – Make 33% Annually On Your Downpayment!
Well Here Is Even A More Impressive Stat!
If you purchase a property, you will make 33% on average on your down payment / investment annually in opposed to renting! This includes monthly savings vs. renting, tax savings, principal pay down, and modest 3% appreciation.
The main assumptions are that the market rent for a $425K 2 bed 2 bath w/ Garage condo is $2600/mo. Then assume 20% down (higher returns actually are achieved for putting less down), a 3.5% interest rate, 28% Incremental Tax Bracket, $250/mo assessments, $500/mo taxes, and 3% annual appreciation. Every situation is different but this is a very typical, realistic, and conservative set of assumptions.
by: Greg Nagel
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The Power Of Staging That Matches The Buyer – OPEN HOUSE 1050 N. Hermitage Unit 2, Sat 1/31 from 12-2PM, 2 Bed 2 Bath+Garage Listed At $399K
My new East Village / Wicker Park 2 bed 2 bath Condo at 1050 N. Hermitage Unit 2 is Beautiful!... Read More
by: Greg Nagel
Ask Nagel Realty
by: Greg Nagel
Ask Nagel Realty
Prime East Village – Open House Sunday 11/16 11:30-1:30pm 1037 N. Winchester #2
1037 N. Winchester Ave Unit 2 Features: Floor To Ceiling Windows Facing West Capturing Tons of Light! Juliet Balcony Off Living Room Overlooks The Prettiest... Read More
by: Greg Nagel
Ask Nagel Realty