Cribline Washington House Pick of the Week – Stunner in Trinidad, Almost Live for Free
Check out this newly renovated corner unit with four bedrooms, three & half bathrooms located at 1108 ORREN St NE.
This home features beautiful bamboo floors, a large chef’s kitchen with S/S appliances, high ceilings, a lot of natural light, and t finished lower level unit with front and rear entry perfect for Airnbn.
Other features include built-in speakers, steam sauna/shower w/ body jets, and bluetooth speaker LED lights in bedrooms, 2 decks and a back yard for entertaining.
It’s just on the market for $859,900. See how much this would cost in the Cribline Math analysis below.
With 20 percent down on $859,900 of about $172,000, the mortgage would be about $688,000. At an estimated 3.71 percent interest rate fixed for 30 years, the gross payment would be about $3,887 per month. If the basement was rented on Airbnb for an average of $130 per night for 22 nights a month that would total $2,860 per month reducing the gross mortgage payment to about $1,000 a month. After tax deductions, the final payment would be about $700 per month.
Happy house hunting!