Invest $32K and make $7K back per year?


Invest $32K and make $7K back per year?
By Scott Rogers • September 4, 2015
As shown per the above analysis, found on HarrisonbugInvestmentProperties.com, the purchaser of a condo at Campus View could potentially invest $32K (20% of the purchase price as a down payment) and be making $7K(+) per year in positive cash flow before taxes. Not bad, not bad, not bad at all! Despite the abundance of caveats (some listed below) this is a great investment opportunity to explore depending upon your tolerance for risk.... This assumes that you buy at the median sales price. This assumes that the seller pays your closing costs. If not, you might be investing $36K or $37K. This assumes a fully leased property. Miss a tenant for a semester or a year, and your cash flow will look less favorable. This assumes you manage the property yourself. There are a few other assumptions built into the model above. Let me know if you have questions about it. Receive Updates by Email Recent Articles: There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 22, 2024 (unless otherwise noted).
Comments (0) or Subscribe