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(Site Map)   Call Paul at:  1-800-648-9316 ext. #31  HOME email Paul Bodo Paul@iLoveSeaisle.com   (online since 1999)        

Purchase Scenario

Long & Foster Real Estate, Inc. (Formerly:  NJ Realty, Inc.)
Contact:  email Paul Bodo Paul Bodo
www.iLoveSeaisle.com
4914 Landis Avenue     Sea Isle City, NJ  08243
(609) 263-2267 ext. #31   or   Toll Free 1-800-648-9316 ext. #31


Tips for Buying in a Buyers Market                      

(Link to: FOR SALE)            Sea Isle Real Estate Market Report (pdf)            (Link to: NEW CONSTRUCTION)


Use summer rental income to offset expenses.  Most 4+ bedroom properties rent weekly for about $3,000.00 to $8,000.00, depending on the property amenities, the rental week, and the location to the beach.


$925,000 purchase price

720,000 first mortgage (80%) 4.5% principal and interest payment $3,648.17
$46,250 home equity line of credit interest only prime plus 3% (approx) $240.88 per month
Total principal and interest payment $3,889.06
You need to add taxes and insurance to the above figure

Gross rental income $5,000 per month



$700,000 purchase price

$560,000 first mortgage (80%) principal and interest payment $2,837.46
$35,000 home equity line of credit prime plus 3.5%(approx) $196.88 per month
Total principal and interest payment $3,044.34
You need to add taxes and insurance to the above amount

Gross rental income is $3,333.33 per month



Looking at the above the first scenario offers buyer more income.

Please let me know how you would like to proceed.




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All information on this web site is deemed to be accurate but NOT guaranteed.