CPH Real Estate

Hi guys! I thought it would be fun today to run some numbers with you on the funds you'd need to purchase a $110,000 investment property.  Something to remember, unlike a primary residence, an investment loan will require at least a 20% down payment and the interest rates are typically higher as well. With that in mind...let's dive in! Sales Price :  $110,000 Down Payment of 20%: $22,000 Financing : $88,000 Interest Rate : 7% Loan Length : 30 years Monthly Payment : $585-$650 with est. taxes/insurance Rent Needed : $815 * Rent needed depends on your goal for a rental, however, I'm basing this on if it were me personally buying an investment property.  I consider them a long term investment, where I'd want the monthly mortgage to be paid off over time by the tenant.  Thus meaning, the down payment of $22,000 was my initial investment.  I end up owning a $110,000 home, which in 30 years should be paid for free and clear, and it should have appreciated in value ...

Happy Monday! I hope you had a nice Superbowl Sunday.  I was rooting for the Eagles, but to no avail. Comparing last January '22 to this January '23 While forecasters had predicted prices to slide across the country, here in the triad we are still holding strong, with our home prices appreciating. (these numbers are based on our triad MLS) January '22 the average sale price of a 2bedroom or less home was $145,000 January '23 the average sale price of a 2bedroom or less home was $163,000 *thats a 12% increase January '22 the average sale price of a 3 bedroom home was $252,000 January '23 the average sale price of a 3 bedroom home was $257,000 *that's a 1.9%, almost 2% increase If you're considering selling, now is still a great time. This past weeks stats  326 new listings 195 price decreases 293 went under contract 6080 showings this past week ( people are out and about! )   The most showings were in the $150,000-$200,000 over 1100 showings at the price ...

 Market Update: February 6th, 2023 Over the last 4 weeks the supply of houses on the market in the Triad has been trending down .  The first week of January there were around 2500 listings, this past week, 2300ish. However, in contrast, the number of houses going under contract for that time went from 196 to 279. SO, what does that mean?? It means that supply is low and demand is spiking, still making it a sellers market for those wanting to sell.  Interest rates have settled from where they were in late fall from about 7% to hovering around the 6% mark as of today, enticing more buyers to get out and play. Houses are getting the most showings they've had since SEPTEMBER! The hottest price point is currently $200,000-250,000, followed by $150,000-$200,000. Move in ready homes, priced correctly , are getting multiple offers agin. Properties to consider.... For an Investment:   Click Me 910 Norman St, Reidsville ($75,000) Listing Courtesy Of: Butterfly Realty, James Mc...