Another
quality development by University Real Estate and 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) |
| |
-$53,900 |
20% Down |
| |
$215,920 |
Amount to Finance |
| |
|
|
| Monthly Payment: |
$1,225.97 |
(Principal/Interest, 5.5% Interest
Rate) |
| |
+$220.00 |
HOA Fees |
| |
+$292.00 |
City/County Taxes (estimated at $3500/year) |
| |
$1,737.97 |
Mortgage Payment |
| |
-$1,100.00 |
Rental income from other two bedrooms
($550/BD) |
| |
| |
$637.97 |
Actual Monthly Cost |
1 assigned parking space deeded to the unit.
- 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. We have agents that specialize in the
UT market
and will be happy to sell 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
| Monthly Price: |
$1750-$1950 |
| |
|
One parking space assigned to unit.
Additional Parking: Not guaranteed and only if available - rent for
one year term at $420
All rent money paid cannot be recaptured and is lost.
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