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help answer and can you help with using a cash flow ? Typical Investment: For the typical investment, we would purchase a 22 unit rental
help answer and can you help with using a cash flow ?
Typical Investment: For the typical investment, we would purchase a 22 unit rental property at a cost of $4.1m with a down payment of $820,000. This would require us to borrow $3.28m from the bank in a 30 year, 2.96% loan. Monthly income from rent is expected to be $42,500. And monthly costs including property tax, insurance, and the loan payment are expected to be $17,833. The property would then be sold after five years at a value of $4.5m Step by Step Solution
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