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V · 09-07-2007, 11:25 AM

I just bought a 2 bedroom single detached house in West Dover. 290,000.

I put down 25% cash, so the mortgage is $217,500

Mortgage Payment: 1327.60
Prop Tax: 91.33
Insurance: 42
Income: 1700

Total Profit: 239.40/month

That's ample cash to pay for repairs over the year, with probably a little bit left over.

There are lots of places that are not a good investment. But there are plenty of places out there that are.

09-07-2007, 11:25 AM	#47
V Franchise Player Join Date: Feb 2005 Exp:	I just bought a 2 bedroom single detached house in West Dover. 290,000. I put down 25% cash, so the mortgage is $217,500 Mortgage Payment: 1327.60 Prop Tax: 91.33 Insurance: 42 Income: 1700 Total Profit: 239.40/month That's ample cash to pay for repairs over the year, with probably a little bit left over. There are lots of places that are not a good investment. But there are plenty of places out there that are.