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photon · 09-07-2007, 11:24 AM

Here's an example from my portfolio:

Income (rent): $3200
Expenses (mortgage, maint, tax, reserve): $2000
Net: $1200

So before any capital appreciation, I'm up $1200 per month. That's enough that I could have even borrowed my down payment and be paying $470 / month on that down payment per month and that'd be an infinite ROI since I put no money down. And there's enough room there that if rents go down 30% it still works.

EDIT: And that's without taking into account tax benifits, mortgage paydown by the tenants, and capital appreciation of the building.

That's a real example.

09-07-2007, 11:24 AM	#46
photon The new goggles also do nothing. Join Date: Oct 2001 Location: Calgary Exp:	Here's an example from my portfolio: Income (rent): $3200 Expenses (mortgage, maint, tax, reserve): $2000 Net: $1200 So before any capital appreciation, I'm up $1200 per month. That's enough that I could have even borrowed my down payment and be paying $470 / month on that down payment per month and that'd be an infinite ROI since I put no money down. And there's enough room there that if rents go down 30% it still works. EDIT: And that's without taking into account tax benifits, mortgage paydown by the tenants, and capital appreciation of the building. That's a real example. __________________ Uncertainty is an uncomfortable position. But certainty is an absurd one.