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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An Introduction To Socio-Finance
Authors: Jørgen Vitting Andersen, Andrzej Nowak
2013th Edition
3642419437, 978-3642419430
