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.
Flat River Home Price
While the median for Prince Edward Island is $183,200 , which means that Flat River’s median price is $472,000 considerably better than the rest of the province.
This month we track 125th neighbourhoods in Prince Edward Island, and Flat River has the 125th most choice available for real estate investors.
Is Flat River 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 Flat River, 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.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Flat River will hopefully provide an indicator to help you where to research in-depth
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Flat River there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
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