lordofthering
Arch-Supremacy Member
- Joined
- Feb 26, 2019
- Messages
- 10,747
- Reaction score
- 1,229
Anyone works out the sum before? I think condo investing should be much more complicated than normal stocks/bonds investing
I am looking at a 700k condo which can yield 2% rental. If I were to pay half in cash, the mortgage seems to be $1500 per month and I can cover by renting out the condo
Say if the condo price raise 4% per year and 10 years later, it be worth about 1mil. Remember i only took out 350k of my capital and the return is 300k
(650k/350)^(1/10)=6.3%.
Thoughts?
I am looking at a 700k condo which can yield 2% rental. If I were to pay half in cash, the mortgage seems to be $1500 per month and I can cover by renting out the condo
Say if the condo price raise 4% per year and 10 years later, it be worth about 1mil. Remember i only took out 350k of my capital and the return is 300k
(650k/350)^(1/10)=6.3%.
Thoughts?