|must have 25% down payment||$49,750|
|your monthly mortgage@ 4% for 30yrs||$712|
|monthly maintenance fee + assessment fee||$1485|
|Total (mortgage + HOA)||$2200|
Why rent if you can own for about $2200/month?
For 3:1 Ratio: 3x12x2200 = $79,000
Without any other debts such as other house mortgage, car loan, student loan, credit card debt, you need to make approximate $79,000/year salary to be qualified by co-op board.
Without mortgage paying all cash, you only need to make approximate $1485x12x3=$54,000/year to be qualified by co-op board, of course, without ANY other debts.
2BR/2FBT Unit 4A For Sale
- Sunny and Bright South/East Corner
- 1260 SF
- Large Terrace
- 2 Sliding Doors to Terrace
- Maintenance Fee $1350.28/month
(including Heat/Hot Water, Cooking Gas, Real Estate Taxes, 1 Parking.
- Assessment fee $135.03/month
- Pets Friendly Building
- Asking Price $199,000
***IT'S CO-OP, NOT FOR INVESTOR!!***
Great Location next to Coytesville Park, convenient for NYC commuter with minutes walking distance to NYC buses or just walk to GWB! Sunny and Bright South/east corner unit with approximate 1260 SqFt 2 Bedroom 2Full Baths; Large terrace over looking Park; Cozy Medium size and rarely available pets friendly CO-OP. Total monthly fees of $1485.31 including real estate taxes, one out door parking, heat, hot water, cooking gas and roof top pool, you pay electric only!
You need to provide:
1) complete credit report with credit score;
2)Last 2yrs tax returns;
3) most recent pay stubs.
*** NOT for investor! ***
Imperial House Co-op, Fort Lee, NJ 07024
- 8 floors, 54 units
- Studio, 1BR, 2BR
- Roof top swimming pool
- Pets friendly building
- Every Unit has large terrace
- Buses to NYC stop at Lemoine/Myrtle Avenue Corner
- After Living for 3 years, you may rent with approval
"Imperial House" is next to Coytesville Park with
- Play ground
- Tennis court
- Basketball court