Debt service ratio is essentially the ratio between your income and your debt payments. This ratio is important because it’s a simple way to measure how effectively you can handle your payments.
Cape Wolfe Home Price
The median asking price in Cape Wolfe is $96,500, quite a drop from the median three months ago which was $89,000 .
With Cape Wolfe’s median house price at $96,500 in Aug , it is one of the cheapest neighbourhoods compared to the rest of Prince Edward Island.
Across Prince Edward Island Cape Wolfe has the 140th most properties on offer with 218.
Is Cape Wolfe a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
If you are looking at investment properties in Cape Wolfe, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.
As one of Prince Edward Island’s many potential real estate investment neighbourhoods, Cape Wolfe needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
Over the last three months in Cape Wolfe, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
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