Selling My 300K House For 5.834M

Discussion in 'Politics' started by Trader5287, Feb 8, 2006.

  1. "Step 4:
    Number of independent households = 60.
    Number of houses owned by the fund =40.
    Market value of a house = $5,834,430.
    For each household:
    Total mortgage obligations = $1,677,100.
    Retained cash from the proceeds of the 4th mortgage = $277,830.
    For the fund:
    Total mortgage obligations = $38,703,000.
    Cash retained from the most recent mortgage = $8,334,900.
    Total homeowners’ equity of the subdivision = 444.1 million dollars. "

    All the houses in my subdivision selling for that. No problem getting financing either - ironclad comparables all around me. Bankers can't get enough of the high end hot action. :D

    Have fun with this one you math guys.


    PS: I didn't see an author to credit. His or her first language isn't English but it's easy to read.