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.
Travellers Rest Home Price
Across the nation CREW lists data for 5162 neighbourhoods, and this month Travellers Rest is number 1716 putting it in the top half of the country .
The $279,000 price tag on the median Travellers Rest home means that it is above the cost of most houses in the country.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
Prince Edward Island has the fourth least amount of properties available to property investors, with Travellers Rest having 87th most in the province, out of a total of 218.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Travellers Rest will hopefully provide an indicator to help you where to research in-depth
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Travellers Rest, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 5, this month we show 3.
When we look at the data we have, it can help with trying to establish whether or not Travellers Rest is a good investment target.
In Travellers Rest, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
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