Question
Sam decides to buy 2 properties for investment at the price of $150,000 each. He decides to put 20% as down payment and take a
Sam decides to buy 2 properties for investment at the price of $150,000 each. He decides to put 20% as down payment and take a mortgage for remaining 80%. Mortgage rate is 4.2% based on his credit score. The mortgage is for 15 years. Fill in the blanks in the following table. Property A Property B Price of investment Down payment Total Mortgage Monthly Expenses Monthly Expenses Monthly Expenses Monthly Mortgage Payment Insurance, Landscaping, Maintenance, property Management Fees.etc. $200 $350 Rental Income/ month $1,200 $1,500 Cash Flow/ Month.
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