how much apartment owners make without paying any mortgage?

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  • how much apartment owners make without paying any mortgage?


Answer #1 | 23/12 2013 08:48
Do all these apartment owners you are referring to have the same number of apartments at the same rent with the same expenses? If so please state what those numbers are then I can tell you.
Answer #2 | 23/12 2013 08:48
OK, not sure where you are headed on this one. Let me take a guess If you own an apartment building and live in one of the units, if you get enough rents off the other units, it may help to pay your own mortgage. It does depend on how much rent you get off the renters. For example, you buy a building for $500,000 but rent out three units at $1200 a month, that brings in $3600 a month rent which could be enough to cover your mortgage on the whole building (say you have a 5% mortgage on $400,000 which is going to be about $20,000 a year plus taxes)
Answer #3 | 23/12 2013 08:51
not enough information, not even close.
Answer #4 | 23/12 2013 09:34
Every one would be different.
Answer #5 | 24/12 2013 13:46
your question is confusing since apartment owners DO have a mortgage. Once they pay off the mortgage it depends on what rent they charge less the expenses each apartmtment costs them (like painting, putting in new rug, pest control, etc.) as to how much profit they make.
Answer #6 | 23/12 2013 23:39
that depends on how many units they have and what they rent for.

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