Investment or your Home! This property offers various options. Comprises of 3 apartments - 2 bedrooms & 1 bath on upper level, plus separate studio and a 1 bedroom apartment on lower level.
As your Home, you can occupy the Main House and use the apartment rentals totaling $2,500 pm to assist towards mortgage payments.
As for your Investment, let's look at the numbers. The Banks requires 20% deposit ($137,000) and if you borrow $548,000, your monthly mortgage payments would be $3,463.73. Main House could also potentially be rented at $2,500 pm, thus, providing a total monthly income of $5,000 on a mortgage of $3,463.73. (Please note figures indicated are approximate and require verification from lending institution).
Whether you live in it and make this property your home or rent all dwellings as an investment property - you can make this property work for you!
Listing Agent: Erna DeGraff
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