10/15/2016
OK. Here it is. There is a great value to a home on leased land. This home would be in the $900,000 range, if one adds the cost of the lot, valued at $400,000+ without the home. The lease keeps the monthly outlay for the lot at a bit over $900/month. Financing the purchase of the land alone, would be about $3000/month. Over twenty years, one SAVES nearly $300,000 in interest. One's credit doesn't take the huge hit, and one needn't qualify for a jumbo loan or come up with an $80,000 LARGER down payment for the land alone. Cash flow and capital are not tied up. Save the "mortgage" money for the kid's college fund, while giving them lifetime memories of the shore! Some folks pay more than the annual lease in country club fees... and they and their kids don't have a luxury beach home at the Jersey Shore. It makes such sense! Please come to me if you have any questions. I'm at your service! Bob V. PM me or call 732-228-0262.
www.67lasvegasroad.com
$ 539,555 - 4 beds - 2 baths - 1 half bath