Latest news with #DeluxeHolidayHomes
Yahoo
24-05-2025
- Business
- Yahoo
10 Best States To Invest in a Second Home
If you've already dipped your toe into the world of real estate with the purchase of your home, you may be looking to add to your portfolio with a second home as an investment property. However, the opportunities to make this investment profitable are not the same everywhere, as some states offer more affordable homes than others. Explore More: Check Out: To determine the best states to invest in a second home, Deluxe Holiday Homes evaluated states based on average house sale price, 30-year mortgage rates, average down payment percentage and disposable income. For the purposes of this study, lower income-to-mortgage ratio percentages indicated better affordability and greater viability for second home investment. Here's a look at the best states to buy a second home as an investment. Average house sale price: $219,861 Estimated mortgage payment: $1,633 Monthly disposable income: $1,996 % of disposable income spent on mortgage: 81.8% Average house sale price: $259,430 Estimated mortgage payment: $1,819 Monthly disposable income: $2,144 % of disposable income spent on mortgage: 84.9% Trending Now: Average house sale price: $236,678 Estimated mortgage payment: $1,699 Monthly disposable income: $1,957 % of disposable income spent on mortgage: 86.8% Average house sale price: $209,333 Estimated mortgage payment: $1,530 Monthly disposable income: $1,712 % of disposable income spent on mortgage: 89.4% Average house sale price: $158,255 Estimated mortgage payment: $1,315 Monthly disposable income: $1,446 % of disposable income spent on mortgage: 91% Average house sale price: $217,707 Estimated mortgage payment: $1,610 Monthly disposable income: $1,757 % of disposable income spent on mortgage: 91.7% Average house sale price: $257,276 Estimated mortgage payment: $1,802 Monthly disposable income: $1,945 % of disposable income spent on mortgage: 92.63% Average house sale price: $238,797 Estimated mortgage payment: $1,728 Monthly disposable income: $1,853 % of disposable income spent on mortgage: 93.3% Average house sale price: $200,266 Estimated mortgage payment: $1,520 Monthly disposable income: $1,624 % of disposable income spent on mortgage: 93.6% Average house sale price: $201,708 Estimated mortgage payment: $1,512 Monthly disposable income: $1,542 % of disposable income spent on mortgage: 98% More From GOBankingRates 6 Popular SUVs That Aren't Worth the Cost -- and 6 Affordable Alternatives 8 Common Mistakes Retirees Make With Their Social Security Checks This article originally appeared on 10 Best States To Invest in a Second Home
Yahoo
24-05-2025
- Business
- Yahoo
10 Best States To Invest in a Second Home
If you've already dipped your toe into the world of real estate with the purchase of your home, you may be looking to add to your portfolio with a second home as an investment property. However, the opportunities to make this investment profitable are not the same everywhere, as some states offer more affordable homes than others. Explore More: Check Out: To determine the best states to invest in a second home, Deluxe Holiday Homes evaluated states based on average house sale price, 30-year mortgage rates, average down payment percentage and disposable income. For the purposes of this study, lower income-to-mortgage ratio percentages indicated better affordability and greater viability for second home investment. Here's a look at the best states to buy a second home as an investment. Average house sale price: $219,861 Estimated mortgage payment: $1,633 Monthly disposable income: $1,996 % of disposable income spent on mortgage: 81.8% Average house sale price: $259,430 Estimated mortgage payment: $1,819 Monthly disposable income: $2,144 % of disposable income spent on mortgage: 84.9% Trending Now: Average house sale price: $236,678 Estimated mortgage payment: $1,699 Monthly disposable income: $1,957 % of disposable income spent on mortgage: 86.8% Average house sale price: $209,333 Estimated mortgage payment: $1,530 Monthly disposable income: $1,712 % of disposable income spent on mortgage: 89.4% Average house sale price: $158,255 Estimated mortgage payment: $1,315 Monthly disposable income: $1,446 % of disposable income spent on mortgage: 91% Average house sale price: $217,707 Estimated mortgage payment: $1,610 Monthly disposable income: $1,757 % of disposable income spent on mortgage: 91.7% Average house sale price: $257,276 Estimated mortgage payment: $1,802 Monthly disposable income: $1,945 % of disposable income spent on mortgage: 92.63% Average house sale price: $238,797 Estimated mortgage payment: $1,728 Monthly disposable income: $1,853 % of disposable income spent on mortgage: 93.3% Average house sale price: $200,266 Estimated mortgage payment: $1,520 Monthly disposable income: $1,624 % of disposable income spent on mortgage: 93.6% Average house sale price: $201,708 Estimated mortgage payment: $1,512 Monthly disposable income: $1,542 % of disposable income spent on mortgage: 98% More From GOBankingRates 6 Popular SUVs That Aren't Worth the Cost -- and 6 Affordable Alternatives 8 Common Mistakes Retirees Make With Their Social Security Checks This article originally appeared on 10 Best States To Invest in a Second Home
