Please help me with my Math question?
Posted By admin on May 22, 2010
Emily asked:
I live in Fort Lauderdale, Florida. I want to move to the west coast of Florida. The real estate market is so bad right now that I know I will not be able to sell my house here in Ft. Laud. I am thinking of renting my house in Ft. Laud. If my monthly mortgage on my house is $2,860 and I rent out my house for $1,600.00 a month, what is the maximum amount I can spend per month on an apartment on the west coast and still make money from my rental in Ft. Laud….or break even on my rental in Ft. Laud. ? Thank you!
I live in Fort Lauderdale, Florida. I want to move to the west coast of Florida. The real estate market is so bad right now that I know I will not be able to sell my house here in Ft. Laud. I am thinking of renting my house in Ft. Laud. If my monthly mortgage on my house is $2,860 and I rent out my house for $1,600.00 a month, what is the maximum amount I can spend per month on an apartment on the west coast and still make money from my rental in Ft. Laud….or break even on my rental in Ft. Laud. ? Thank you!
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