- Joined
- Sep 23, 2007
- Messages
- 16
hi there,
I would be most grateful if anyone could help me with the economic fundamentals of investing in N.E Eddmonton Townhomes.
I have made several offers on townhomes around the 245,000 mark and i am wondering if these prices are too high.
i have listened to all the economic fundamentals however, when i run conservative five year estimates of an 8% return with a 20% downpayment amortised over 40 years, my returns on investment is 5% per annum.
The current rental for such a unit is $1300
the taxes are around 100 with condo fees of 170
with vacany allownaces, property management etc it seems like a shot in the dark invsting in these figures.
any suggestions
with thanks
blisedheart
I would be most grateful if anyone could help me with the economic fundamentals of investing in N.E Eddmonton Townhomes.
I have made several offers on townhomes around the 245,000 mark and i am wondering if these prices are too high.
i have listened to all the economic fundamentals however, when i run conservative five year estimates of an 8% return with a 20% downpayment amortised over 40 years, my returns on investment is 5% per annum.
The current rental for such a unit is $1300
the taxes are around 100 with condo fees of 170
with vacany allownaces, property management etc it seems like a shot in the dark invsting in these figures.
any suggestions
with thanks
blisedheart