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Purchase Scenario

Shore Points Realty
Contact:  email Paul Bodo Paul Bodo
www.iLoveSeaisle.com
4701 New Jersey Avenue, Suite 100     Wildwood, NJ  08260
(609) 522-2286


Tips for Buying in a Buyers Market      Why Invest In Real Estate?

(Link to: FOR SALE)            Real Estate Market Statistics            (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.