Thread: Manhattan real estate
View Single Post
  #23  
Old 08-09-2007, 12:47 PM
Ryno Ryno is offline
Senior Member
  
Join Date: Jan 2005
Location: SoCal
Posts: 531
Default Re: Manhattan real estate
I guess a shortcut would be to say 84k per year rent divided by 1.8mil is a 4.67% carrying cost. After tax mortgage is about the same, but then you have taxes and maintenance.
Reply With Quote