Another
quality development by
University Real Estate & Property Management
LLC.
865-673-6600
Check out
the Standard Finishes
and
Upgrade Options
Finishes/Upgrades
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LAKE PLAZA CONDOMINIUMS
BUYING VS. RENTING
BUY
| Purchase Price: |
$269,900 |
(1-4 floors) |
| |
-$53,980 |
20% Down |
| |
$215,920 |
Amount to Finance |
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|
|
| Monthly Payment: |
$1,225.97 |
(Principal/Interest, 5.5% Interest
Rate-30yr fixed) |
| |
+ $275.00 |
HOA Fees |
| |
+ $252.00 |
City/County Taxes ($3,024/year) |
| |
$ 1,752.97 |
Total Payment |
| |
-$1,300.00 |
Rental income from other two bedrooms
($550/BD) |
| |
| |
$452.97 |
Monthly Cost |
1 assigned parking space deeded to the unit. Limited additional spaces available for sale.
- Tax Write Offs:
City/County Taxes
Mortgage Interest
Origination Fees/Points at closing
Depreciation
After your student graduates you have several options to choose
from:
- • Sell your unit and recoup all money
paid on the unit. University Real Estate specializes in the
UT market
and will be happy to resell your unit for you.
• Hold on to your unit and rent it out. We have a leasing agent
dedicated to rentals only in the UT area. We do all the work and
send you a check every month.
• We have 24/7 maintenance staff to make any repairs your unit
might need.
• We can help you find financing.
RENT-NO MORE UNITS AVAILABLE TO RENT FOR 2011-2012 YEAR.
| Monthly Price: |
$1825-$2075 |
| |
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- Only one assigned parking space included with rent.
Additional Parking: Not guaranteed and only if available - rent for
lease term at $780
All rent money paid cannot be recaptured and is lost.
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