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Real Estate Project

Real Estate Project. By Matt Herbst. My Financial Situation. I make a salary of $80,000 dollars a year I have 40,000 dollars for a down payment. The monthly payment I can afford: 30% of 80,000= 24000>> >>>24,000/12 months is $2,000 a month. The Home That I’m Hoping For. A condo

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Real Estate Project

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  1. Real Estate Project By Matt Herbst

  2. My Financial Situation • I make a salary of $80,000 dollars a year • I have 40,000 dollars for a down payment. • The monthly payment I can afford: 30% of 80,000= 24000>> >>>24,000/12 months is $2,000 a month.

  3. The Home That I’m Hoping For • A condo • Downtown • In an active area • Under $200,000

  4. Option Number 1 1819 S Michigan Ave. Price Listed: $164,900 Estimated Mortgage:$603 a Month 1 Bedroom, 1 Bathroom

  5. Location: The South Loop The Kitchen The View

  6. Option 2 1528 S Wabash Ave. Listed Price: 170,000 Estimated Mortgage:$623 a Month 1 Bedroom, 1 Bathroom

  7. Location: South Loop Kitchen Bathroom

  8. Option 3 1636 N Wells St Listed Price: $142,000 Estimated Mortgage: $521 a Month 1 Bath, 1 Kind-of Bedroom

  9. Location: Old Town The Kind-of Bedroom Bathroom

  10. Comparing Locations Things Near The South Loop Things Near Old Town Museum Campus U.S. Cellular Field Restaurants Public Transportation Soldier Field Lake Front Lake Front Lincoln Park Lincoln Park Zoo Public Transportation 2ND City Restaurants

  11. Final Decision: Option 1 • The South Loop is closer and more convenient to points of interest • Its slightly cheaper than option 2 • Option 3 isn’t very good

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