Monday, September 17, 2007
Might make a nice rental property
If you've been thinking that it's time to get out of that studio apartment and dip your toes into the waters of home ownership, you're in luck. Because a pretty sweet Frank Lloyd Wright-designed home built in 1951 is for sale (by the original owners) here in Minneapolis, and it's priced to move at a mere $2.6 million.
For those of you that don't have your mortgage calculators handy, your monthly nut would be a more-than-manageable $13,940.00, assuming you're putting 20% down (about $500k). Yearly taxes are $15,647.00, adding another $1303.00 or so to your monthly payment. You can view the listing here.
Me? I'm going to call the realtor and arrange a viewing, then show up wearing my "Rich Guy" disguise in order to fool them into giving me the grand tour. My "Rich Guy" disguise consists me adorned with the following:
*The one suit I own