The magic $100k home sale price
3/31/11
The magic hundred thousand dollar price point!
What is it about that number that makes investors so happy? Is it the 4 bedrooms, 2.5 baths, 2 car garage single family home they can get with 2000 sf of living space? No….
It is the $1200 /month rent they can get. Look at the net:
Rent $1200
Taxes $120
Association $50
Insurance $50
Net $980!
X12 months $11,760
- income tax (30%) $3528
after tax income $8232!!!!
In what other investment can you get a steady 8.23% after tax return + potential for long term appreciation? I am no financial genious, but this sounds good to me!
Posted at 03:29PM Mar 31, 2011 by Jeff and Kelly Stafford in Real Estate | Comments[0]
