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*Information sheets
Information sheet on the purchase of a ONE bedroom condominium at THE PINE RIDGE ESTATES IN TOWNSEND, MASSACHUSETTS
SALES PRICE |
$ 94,900.00 |
ASSUMPTION |
5% DOWN PAYMENT OR $ 4,745.00 |
FINANCE |
$ 90,155.00 FOR 30 YEARS 6% PAYMENT AMOUNT $ 539.60 PER MONTH |
RETAIL ESTATE TAXES |
$ 832.00 PER YEAR OR $ 69.33 PER MONTH |
CONDOMINIUM FEE - INCLUDES HEAT, INSURANCE, MAINTENANCE OF COMMON AREAS, LANDSCAPING, |
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SNOW REMOVAL, MANAGEMENT ETC |
$ 175.00 PER MONTH |
TOTAL COST TO OWN YOUR OWN HOME |
$ 783.93 PER MONTH
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DEDUCTIONS ALLOWED IRS |
FIRST MORTGAGE INTEREST |
APPROX $ 450.00 PER MONTH |
REAL ESTATE TAXES |
$ 69.00 PER MONTH |
MONTHLY DEDUCTIONS ALLOWED |
$ 519.00 PER MONTH |
COST TO OWN AFTER INCOME TAX DEDUCTIONS FOR HOME OWNERSHIP ARE CALCULATED AND DEDUCTED IN COMPARISON TO RENTING THE SAME UNIT.
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REAL COST TO OWN INSTEAD OF RENTING A 1 BEDROOM UNIT |
$ 176.00 |
MARKET RENT FOR A 1 BEDROOM UNIT |
$695.00 PER MONTH |
NET COST |
$ 695.00 PER MONTH |
REAL COST TO OWN INSTEAD OF RENTING |
$ 176.00 PER MONTH |
IN ADDITION THE VALUE OF TO THE UNIT
SHOULD INCREASE APPROX 5 % PER YEAR WHICH TRANSLATES TO EQUITY VALUE OF $ 4,995.00 PER YEAR |
AMENITIES INCLUDE: |
TILE FLOORS
NEW BATHROOMS NEW KITCHEN CABINETS AND APPLIANCES
TOTALLY RENOVATED UNITS |
COMING SOON ARE COMMON AREA IMPROVEMENTS SUCH AS |
NEW PARKING AREAS IMPROVED FACILITIES FOR RECREATION
HALLWAY AND SECURITY IMPROVEMENTS |
Information sheet on the purchase of a TWO bedroom condominium at
THE PINE RIDGE ESTATES IN
TOWNSEND, MASSACHUSETTS
SALES PRICE |
$ 99,900.00 |
ASSUMPTION |
5% DOWN PAYMENT OR $ 4,995.00 |
FINANCE |
$ 90,155.00 FOR 30 YEARS 6% PAYMENT AMOUNT $ 601.60 PER MONTH |
RETAIL ESTATE TAXES |
$ 832.00 PER YEAR OR $ 82.00 PER MONTH |
CONDOMINIUM FEE - INCLUDES HEAT, INSURANCE, MAINTENANCE OF COMMON AREAS, LANDSCAPING, |
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SNOW REMOVAL, MANAGEMENT ETC |
$ 288.00 PER MONTH |
TOTAL COST TO OWN YOUR OWN HOME |
$ 911.00 PER MONTH |
DEDUCTIONS ALLOWED IRS |
FIRST MORTGAGE INTEREST |
APPROX $ 525.00 PER MONTH |
REAL ESTATE TAXES
| $ 82.00 PER MONTH |
MONTHLY DEDUCTIONS ALLOWED |
$ 607.00 PER MONTH |
COST TO OWN AFTER INCOME TAX DEDUCTIONS FOR HOME OWNERSHIP ARE CALCULATED AND DEDUCTED IN COMPARISON TO RENTING THE SAME UNIT. |
REAL COST TO OWN INSTEAD OF RENTING A 2BEDROOM UNIT |
$ 188.00 |
MARKET RENT FOR A 1 BEDROOM UNIT |
$795.00 PER MONTH |
NET COST |
$ 795.00 PER MONTH |
REAL COST TO OWN INSTEAD OF RENTING |
$ 188.00 PER MONTH |
IN ADDITION THE VALUE OF TO THE UNIT
SHOULD INCREASE APPROX 5 % PER YEAR WHICH TRANSLATES TO EQUITY VALUE OF $ 4,995.00 PER YEAR |
AMENITIES INCLUDE: |
TILE FLOORS
NEW BATHROOMS NEW KITCHEN CABINETS AND APPLIANCES
TOTALLY RENOVATED UNITS |
COMING SOON ARE COMMON AREA IMPROVEMENTS SUCH AS: |
NEW PARKING AREAS IMPROVED FACILITIES FOR RECREATION
HALLWAY AND SECURITY IMPROVEMENTS |
| * The above projections are estimates subject to change without notice depending on market conditions. Such projections are provided only as an example and may or may not apply to your specific personal or financial situation. You alone are solely responsible for determining whether any investment or strategy, or any other product or service, is appropriate or suitable for you based on your investment objectives and personal and financial situation. You should consult a financial advisor, attorney and/or tax professional regarding your specific investment, legal, or tax situation. Zain Realty & Management, Inc. and Pine Ridge Estates, and any other agents or affiliates, expressly disclaim any liability for the above projections. |
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