Been Thinking of Investing in Real Estate?
Now may be the best time in years for you to do it!
Why? Interest rates are at or near historic lows, prices are more competitive and there is a vast selection of properties. As with savings accounts and certificate of deposits, the rate of return is your primary concern. Will you have positive cash flow?
Owner Occupied
One to four units qualifies as single family housing. If the buyer lives in one of the units, it may be eligible for financing as a single family house. That means easier to obtain financing plus having tenants help pay the mortgage and building your investment portfolio. Financing options are more readily available for owner occupied units.
FHA currently requires 3.5% down payment.
Non owner occupied financing with 20% down; 80% Loan to Value
Purchase price: $125,000
Loan amount: 100,000
Interest Rate: 4.87%
APR: 5.195%
Monthly Payment is $709.42
360 monthly payments
Principal & Interest….$529.21
Hazard Insurance……. 50.00…*estimated amount
Real Estate Taxes….. 130.21….* estimated amount
Mortgage Insurance …..n/a
Total Monthly payment is $709.42
Non owner occupied financing with 20% down; 80% Loan to Value
Purchase price: $125,000
Loan amount: 100,000
Interest Rate: 4.87%
APR: 5.195%
Monthly Payment is $709.42
360 monthly payments
Principal & Interest….$529.21
Hazard Insurance……. 50.00…*estimated amount
Real Estate Taxes….. 130.21….* estimated amount
Mortgage Insurance …..n/a
Total Monthly payment is $709.42
One to four units qualifies as single family housing. If the buyer lives in one of the units, it may be eligible for financing as a single family house. That means easier to obtain financing plus having tenants help pay the mortgage and building your investment portfolio. Financing options are more readily available for owner occupied units.
FHA currently requires 3.5% down payment.
Non owner occupied financing with 20% down; 80% Loan to Value
Purchase price: $125,000
Loan amount: 100,000
Interest Rate: 4.87%
APR: 5.195%
Monthly Payment is $709.42
360 monthly payments
Principal & Interest….$529.21
Hazard Insurance……. 50.00…*estimated amount
Real Estate Taxes….. 130.21….* estimated amount
Mortgage Insurance …..n/a
Total Monthly payment is $709.42
Non owner occupied financing with 20% down; 80% Loan to Value
Purchase price: $125,000
Loan amount: 100,000
Interest Rate: 4.87%
APR: 5.195%
Monthly Payment is $709.42
360 monthly payments
Principal & Interest….$529.21
Hazard Insurance……. 50.00…*estimated amount
Real Estate Taxes….. 130.21….* estimated amount
Mortgage Insurance …..n/a
Total Monthly payment is $709.42
Per Zilpy.com, rents in Portland for a 3 Bed/1 Bath apartment can start @ $950.
That’s an estimated gross profit of $240 per month or $2,880 per year
What could You do with an Extra $240 per month?
That’s an estimated gross profit of $240 per month or $2,880 per year
What could You do with an Extra $240 per month?
