REAL ESTATE FOR SALE

Contact:
Paul Bodo
www.ILoveSeaIsle.com
Sea Isle Realty
6300 Landis Avenue Sea Isle City, NJ 08243
(609) 263-5301 ext. #209 or Toll Free 1-888-848-4948 ext. #209
New Construction - Picture taken on 2-27-13
 5900 Landis Ave (59th & Landis Ave - bayside of street) |
New Construction - Picture taken on 2-27-13
 111 63rd Street (Acme Shopping Center Area) |
Sea Isle Realty's New Construction Sale Properties in Sea Isle City, NJ
All Sea Isle Realty's Sale Property Listings in Sea Isle City, NJ
Sea Isle City & Cape May County - All Sale Property
Purchase scenarios...
925,000 purchase price
720,000 first mortgage (80%) 4.5% principal and interest payment $3648.17
$46,250 home equity line of credit interest only prime plus 3%(approx) $240.88 per month
Total principal and interest payment $3889.06
You need to add taxes and insurance to the above figure
Gross rental income $5000 per month
700,000 purchase price
$560,000 first mortgage (80%) principal and interest payment $2837.46
$35,000 home equity line of credit prime plus 3.5%(approx) $196.88 per month
Total principal and interest payment $3044.34
You need to add taxes and insurance to the above amount
Gross rental income is $3333.33 per month
Looking at the above it seems as if the first scenario offers buyer more income.
Please let me know how you would like to proceed.
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