Investing In The Bay Area vs. Out-of-State
Let the numbers do the talking
|
Assumption |
San Jose |
Orlando |
| Price |
|
$450,000 |
$75,000 |
| Down-payment |
20% |
$90,000 |
$15,000 |
| Mortgage |
|
$360,000 |
$60,000 |
|
|
|
|
| Rent |
|
$1,750 |
$1,000 |
|
|
|
|
| Expenses |
|
|
|
| P&I |
5.5% |
$1,700 |
$320 |
| Taxes |
|
$330 |
$125 |
| Insurance |
|
$150 |
$60 |
| Property Mang. |
8.0% |
$0 |
$80 |
| Other |
|
$0 |
$83 |
| Total |
|
$2,180 |
$668 |
|
|
|
|
| Cash Flow |
Monthly |
-$430 |
$332 |
|
Annual |
-$5,160 |
$3,980 |
|
|
|
|
| After 10 years |
200% |
$900,000 |
$150,000 |
|
|
-$61,920 |
$47,760 |
|
|
$838,080 |
$197,760 |
Properties are available in Orlando, Phoenix, Atlanta, Denver and Oklahoma city.
