Return on Investment Analysis in Hoboken

This message board is a about some new condos that are going up in Hoboken. The return on investment analysis done by a poster there is pretty interesting. In short, you need to get some pretty aggresive appreciation in condo prices in order to make a worthwhile return.

Excerpt...


"An interesting discussion developed on the locked thread that seems worthwhile discussing further. It's surprising that some people forget to really break down the cost of carrying a property when figuring ROI.

Someone posted the example scenario of buying a no view 2br for 800K, with 20% down, and selling for 900K in 4 years. They quoted a 15%/yr return.

Let's take this scenario and make some further reasonable assumptions. A 30yr fixed mortgage at 6% (I think that's low considering the size of the loan, but let's assume excellent credit and aggressive mortgage shopping.)

All values estimates and rounded."

For the rest of the analysis....