| Where
to buy an investment house? |
- Beach, mountain, lake areas. In these areas, the
house value increases and also get large income by
renting it at hot season.
- New or recent built house is located in a school
district where there is a high rank public high
school(s) like Chapel Hill. House value increase
significantly. Even the house is vacated, its owner
don't need to worry about lost money.
- Large population area where house is easy to be
rented. For example the house close to campuses of UNC,
NC State Univ. and Duke Univ. or near and within RTP.
Due to the primary profit is getting from rent, you can
buy a old house with low price.
In general, like purchasing primary house,
location is vary important for investment property. |
| Top |
| Own
a rental house vs. save money |
|
Suppose you have $20,000 in cash and plan to use this
money to purchase an on-bus-line condo in Chapel Hill to
rent.
Sales Price of the condo: $85,000
Size : ~1000sqft. 2 bed rooms, 2 bath rooms with
kitchen, living room and dining area |
| |
Own a rental house |
Save money |
| First payment (Down Payment + Closing
cost) |
< $20,000 (click
here to see detail list) |
$20,000 |
| You total monthly payment |
~ $668 - $738/month (click
here to see detail list) |
N/A |
| >You rental price |
~ $750 - $850/month |
>N/A |
| You gain after one year |
> $2000 after you sell the condo |
$600 |
| Interest rate |
> 10% |
3% (Bank saving interest rate may be less
than 3%) |
| Top |
Equal Housing Opportunity
