Loan Amortization Calculator

An amortization schedule reveals the specific dollar amount put towards interest, as well as the specific put towards the Principal balance, with each payment. Initially, a large portion of each payment is devoted to interest. As the loan matures, larger portions go towards paying down the principal. The first payment is assumed to take place one full payment period [one month] after the loan was taken out, not on the first day of the loan. The last payment completely pays off the remainder of the loan, often the last payment will be a slightly different amount than all earlier payments. In addition to breaking down each payment into interest and principal portions, the amortization schedule also reveals interest-paid-to-date, principal-paid-to-date, and the remaining principal balance on each payment date.

There are a few crucial points worth noting when obtaining a mortgage for a home with an amortized loan. First, there is substantial allocation of the monthly payments toward the interest, especially during the first years of the mortgage. You will notice that the first payment allocates about 90% of the total payment towards interest and only about 10% toward the principal balance. Not until much later payments into the loan does the payment allocation towards principal and interest even out and subsequently tip the majority of the monthly payment toward Principal balance pay down.

Well maintained apartment complex on multi-family zoned land in Lucaya with close proximity to beach, shopping, restaurants, golf, night life and casino, Tudor Gardens includes laundry facilities and swimming pool.
Comprised of 56 apartments total

The unit breakdown and long term rental rates are as follows.
4 three bedrooms that rent for $$1000 per month each
36 two bedrooms that rent for $800 each
16 one bedrooms that rent for $600 each
Each unit includes full kitchen, a/c units, and spacious screened in private balconies with views of gardens and pool. Offered partially furnished the units can be geared toward long term or short term (weekly) rentals.
The property sits on approximately 3 acres in size