Welcome to the Homes On the Sunshine Coast Blog
Yes, it is yet another beautiful day on the Sunshine Coast of BC. There is something about wonderful weather that brings out the best in people and it makes every day great!
We are working with a number of investment clients and invite you to consider property/home investment as a source of either short or long term income Food for thought, here is an investment example...
We viewed a home yesterday, here are the details:
Suggested List Price of the home (this will be a new listing) - $350,000
Proposed Mortgage Option
10% down - $35,000
Interest Rate - 5.2%
Monthly Payment - $1618.92
(theses payment examples are taken from the www.HomesOnTheSunshineCoast.com mortgage calculations)
The upstairs and the downstairs of the home can be rented out
Presently the downstairs is rented for $950.00 per month
The upstairs could be rented for the approximately the same amount of $950.00 per month
Total rent - $1900.00 per month
Total mortgage payment - $1618.92 per month
Difference is an extra $281.08 per month
This is an example of the kind of opportunities that are available in the market right now.
A few interesting points to note:
** The likely hood of properties increasing in value over the next few years is high
** Rentals on the Sunshine Coast are not easy to come by. Good rental units are sought after by renters.
** If you don't want to take care of finding renters and collecting cheques, there are rental companies that offer this service
Property investment, whether with monthly income from renters, flipping property, or a combination of both are viable options in the marketplace today. Property investment isn't for everyone but if you would like to know more, we will be happy to sit down with you and talk about the opportunities. This is an excellent time to check out the market for investment opportunities.
Barbie and Shay
Shay 604 989.9888
Barbie 604 741.1239
Reaching YOUR Goal is OUR Mission