Wake-Up Money, Secrets to Investing
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- $275,000Price
- $61,87520% down payment + closing costs
- $220,000Loan @ 6.95%; 30-year; fixed rate
- $1,456Monthly principal; and interest payments
- $294Monthly taxes and insurance payments
- $150Monthly reserve for maintenance/repairs
- $1,900Monthly rental income
- $1,900Total monthly expenses
- $0Monthly cash flow
Possible Total Return on Initial Investment (after first year):
- 0.00%From Cash Flow
- 3.65%From Principal Reduction
- 22.22%From Appreciation
- 25.87%Total Return on Investment
When this property is free and clear, you will have nearly $22,800.00 a year in “Wake-up” money.
Of course, by then the rent (and the “Wake-Up” money) will probably be a lot higher, as will the property’s value.
