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Paul@iLoveSeaisle.com
Housing - At the Bottom, but Maybe Not for Long
Ask for: Paul Bodo Extension #209
www.ILoveSeaIsle.com
Email: Paul@ILoveSeaIsle.com
Toll Free: 1-888-848-4948 ext. #209
Office: (609) 263-5301 ext. #209
Fax: (609) 263-0990

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Sea Isle Realty
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5906 Landis Avenue
Sea Isle City, NJ 08243
Tips for Rental Property Owners  
Tips for Buying in a Buyer's Market
2012: Sea Isle City Trolley - Click here for Trolley Schedule & Route Details
Purchase scenarios...
925,000 purchase price
720,000 first mortgage (80%) 4.5% principal and interest payment $3648.17
$46,250 home equity line of credit interest only prime plus 3%(approx) $240.88 per month
Total principal and interest payment $3889.06
You need to add taxes and insurance to the above figure
Gross rental income $5000 per month
700,000 purchase price
$560,000 first mortgage (80%) principal and interest payment $2837.46
$35,000 home equity line of credit prime plus 3.5%(approx) $196.88 per month
Total principal and interest payment $3044.34
You need to add taxes and insurance to the above amount
Gross rental income is $3333.33 per month
Looking at the above it seems as if the first scenario offers buyer more income.
Please let me know how you would like to proceed.
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