headache v no-brainer 80/20- 1MM- 4plex. PITI: 5300/mo @4.5%interest Rents from three unit (1-3/2, 2-2/2units) while living in 2/1 unit: $5500/mo. Your housing cost: 0, nada, zip, zero, nothing. Annual interest (1%) earned on 200k in savings: $2000. Annual savings in housing costs on 200k down-payment: +$18,000. HOW LONG WILL IT TAKE YOU TO SAVE ANOTHER $200,000? remember: rents increase 8%/yr. remember: avg equity appreciation in SF Bay Area: compound 8%/yr (50%/5-yr).
Posted on: Fri, 29 Nov 2013 19:27:17 +0000
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