Investors

Owning a condo at the Summit can be a profitable investment. With the right financing you can rent a unit at the Summit, have someone else pay your mortgage payment, and possibly even recieve extra cash each month. The process is not complicated, but it's important that you have an advisor who can position your investment in a Summit Condo to be as profitable as possible. Beyond the check you recieve from your tenants every month, there are many more ways you can profit from your investment. Make sure you visit our Owning vs. Renting page for a complete rundown. Or call us today and we're happy to help you walk through the process. Here are some considerations we'll make:

  • How much can you invest initially?

    Depending on your circumstances, it may or may not make sense to make a large initial investment. When interest rates are low, it makes sense put less down. However if your goal is to maximize your monthly cash flows, you'll want to put down as much as possible to minimize your monthy payment. Either way, we can help you find a loan program that meets your needs.

  • How many units should you purchase?

    Similarly, you'll want to decide whether it is more advantageous for you to leverage your investment and buy multiple units and have more earning potential, or to concentrate your investment in one unit and minimize risk. Also, the developer can offer volume pricing for investors who purchase multiple units. We can help you with this decision, and crunch the numbers to help you get where you need to be.

  • What financing program is right for you?

    Finding the right financing program has everything to do with taking a big picture look at your situation, and choosing the right combination of size of initial investment, variability in interest rates and term of loan. We work with multiple lenders to help find you the perfect financing combination.

An example

Here are a few options for the purchase of an investment unit. We're happy to help you run the numbers on any buying scenario. Just give us a call. All figures are estimates and based on the purchase of a 2BR+ floorplan.

 

  25% Down
7/1 ARM
4.000%		 40% Down
7/1 ARM
4.040%		 25% Down
30yr Fixed
5.000%
List Price $139,900 $139,900 $139,900
Initial Investment
(Down payment)		 $34,975 $55,960 $34,975
Monthly Rent
received		 $900 $900 $900
Principal and Interest Monthly Payment $497 $400 $559
COA dues, Property Tax & Liability Insurance $300 $300 $300
Your Monthly Cash Flow
In addition to equity earned		 $103 $200 $41