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Outside Hallway |
Entrance with built-in bookcase |
Entrance with Closets |
Entrance to Living Area |
Entrance Hallway |
Big Entrance Foyer |
You can use as study room |
Living & Dining Room |
Living Room |
Dining Area |
To Bedroom and Kitchen |
Spacious Kitchen |
With many Cabinets |
Kitchen with Window |
Hallway |
Full Bath with bathtub |
Large Bedroom |
With Closets |
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Why
rent if you can own for about
$1138/month?
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selling price |
$120,000 |
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must have 20% down payment |
$24,000 |
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mortgage amount |
$96,000 |
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your monthly mortgage @
4%
for 30yrs |
$477 |
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maintenance fee |
$661 |
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monthly
mortgage + maintenance fee |
$1138 |
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3:1
ratio { Income >= 3 x 12 x (mortgage+ maintenance fee)} |
$40,968 |
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Without any other debts such as car loan,
student loan, credit card debt,
you need to make approximate
$41,000/year
salary to be qualified by co-op board. |
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Confused? Don't worry, click here to do some math... |
If you pay cash,
without taking mortgage,
without any other debts,
you only need to
make $661x12x3=$24,000/year
approximately
to be qualified by co-op board |
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