By

Geoff & Bethany

414 N 4th St Niles, Michigan 49120

Where Is It?

Price: $29,900Size:

Beds: 4Baths: 2 Sq.Ft: 3,771

Features: Fresh drywall, paint, and carpetNewer Roof BasementHeating: Forced AirYear Built: 1900Water: PublicSewer: PublicWe can have a catNot paying rent

The House

The House – Photos 1

The House – Photos 2

The House – Photos 3

The House – Photos 4

Taxes: $2791/yr +$232.58/monthTotal Mortgage Payment: $425.15/month

Needs some workFence in back yard40 Single-Pane WindowsRepainting

The Downsides

House List Price: $29,900Purchase Price: $25,000Renovation Financing: $5,000Down Payment: $900 (3%)

The Endgame

Rent: $450.00Internet: $ 50.00Cell Phone: $ 52.00Electric: $ 60.00Car Insurance: $ 75.00Groceries: $175.00Total: $862.00

Our Finances – Monthly Bills(In An Apartment)

Mortgage: $192.30 (5%APR, 30Yr)Taxes: $232.58Internet: $ 50.00Cell Phone: $ 52.00Electric: $ 60.00Car Insurance: $ 75.00Gas (heat): $ 60.00Groceries: $175.00Total: $896.88

Our Finances – Monthly Bills(In A House)

ComparisonApartment

House

$538.00

$450.00

Unused IncomeRentInternetCell PhoneElectricCar InsuranceGroceries

$503.12

$192.30$232.58

$60.00

Unused IncomeMortgage: �Taxes:�Internet: �Cell Phone: �Electric: �Car Insurance:�Gas (heat):�Groceries:�