Financial Benefits of Owning
|
| Purchase |
$235,000 |
| Down Payment/Closing Costs |
$62,000 |
| Monthly Principle & Interest |
$1,028.55 |
| Estimated Property Taxes |
$395.25 |
| Estimated Hazard Insurance |
$75.00 |
| Estimated Mortgage Insurance |
$1,498.50 |
| HOA Monthly Dues |
$75.00 |
| TOTAL MONTHLY EXPENSES |
$1,269 |
| MONTHLY EXPENSES OVER 4 YEAR PERIOD |
$75,528.00 |
|
| Monthly Income bedrooms x $400 (5 beds @ $400 and the 6th is assumed as owner used) |
$1,875.00 |
| 4 year Rent Revenues |
$96,000 |
|
| Projected Value in 4 years at 5% Appreciation (e) |
$285,643.00 |
| Total Gain as Investment |
$50,643.00 |
The above is based on current and past market data and is deemed as an estimate to the best of our knowledge. Variable expenses such as repairs, leasing fees, etc. are not included. As with most investments, there is no guarantee of these results. The information is to be provided as an aid in your independent evaluation. Please consult your tax consultant as there may be additional tax benefits to you that are not outlined above. |
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WHY RENT WHEN YOU CAN OWN?
Turn on the evening news and all the talk of the economy and real estate market is “doom and gloom”. While this is the case in many parts of the nation, look around a little farther than the national media reports and you will find that things look pretty good in College Station. In fact, College Station has been listed over the past years as anything from an undervalued real estate market where you can pick up a good deal, a great real estate appreciation market, and great investment opportunity. College has lots of expenses involved with housing being a large part of that expense. Why not let the housing become and investment for you instead of an expense? See our investment table and you will see why college housing makes sense as a wise investment. Take a look around at some of the articles we have listed for you regarding real estate in College Station and Texas.
“Appreciation rates are so strong in College Station that despite a nationwide downturn in the housing market, College Station real estate has continued to appreciate in value faster than most communities.” |
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