Low cost monthly living!
Here in the Greater Binghamton Real Estate market, opportunity has opened its door.
Interest rates at 4ish percent! Ample choice of properties. Shortage of quality apartments is a combination that adds up to low cost living! Our Binghamton Real Estate provides the way to live for less than a couple of hundred dollars a month... lets look at a possible situation...
Two Family house.... cost $80,000 Taxes $3600 per year, Ins $600 per year, separate utilities, Water bill $600 per year
Mortgage payment $350 Pi, taxes $300 Ins $50 water $50 mip $50
Total monthly cost $800/mon+-
Rental from unit #2 $650-700 mon (plus Utilities)
Net cost to owner occupied buyer $150/mon
Yes you have to do the maintainence on the house like you would on any home you own.
It beats a part time job down at the car wash!:)
Dozens of choices of great Binghamton Real Estate and your Best Friends In Real Estate... EXIT REALTY Homeward Bound, John Farrell Broker.
Posted at 08:57PM Oct 18, 2010 by John J Farrell in Real Estate | Comments[0]
