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.
West Covehead Home Price
The $275,900 price tag on the median West Covehead home means that it is above the cost of most houses in the country.
3 bedroom properties are the most common available for real estate investors this month in neighbourhood.
According to our stats, West Covehead is the neighbourhood that has the 14th most properties available to real estate investors in Prince Edward Island.
Can we guarantee how well West Covehead is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
The amount of homes for sale in neighbourhood has fallen over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also grown.
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.
When we look at the data we have, it can help with trying to establish whether or not West Covehead is a good investment target.
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