 |
Imperial
House
Co-op
Fort Lee, NJ 07024
1 Wall Street
-
8 floors, 54 units
-
Studio, 1BR, 2BR
-
Roof top swimming pool
-
Pets friendly building
-
Every Unit has large terrace
-
Buses to NYC stop at
Lemoine Ave
-
After Living for 3
years, you may rent
"Imperial House" is next to
Coytesville Park with
Play ground
Tennis court
Basketball court
...... |
 |
 |
 |
 |
 |
|
|
|
|
|
|
|
Why rent if you can own for about
$824/month? |
| selling
price |
66,000 |
| must
have 20% down payment |
$16,500 |
| mortgage
amount |
$49,500 |
| your
monthly mortgage @ 4% for 30yrs |
$240 |
|
maint.
fee (incl. real estate taxes, hot water, u/l
mortgage) |
$585 |
| monthly
mortgage + maintenance fee |
$824 |
|
3:1
ratio { Income >= 3 x 12 x (mortgage+ maintenance
fee)} |
$30,000 |
|
Without any other debts
such as car loan, student loan, credit card
debt,
you need to make approximate
$30,000/year salary
to be qualified by
co-op board. |
|
Didn't get it? Don't worry, click here to do some math... |
If
you pay all cash, without mortgage,
without
any other debts,
you only need to make $585x12x3=$21,000/year
to be qualified by co-op board |
*** Information deemed
reliable but not guaranteed ***
*** The information contained herein is for illustrative purposes
only *** |
|
 |
|
|
|
|
