Not so fast. As Rob stated they invested 110k and financed 420k. Interest only at 4% would be 1,400 per month, 16,800 a year. 5,000 a year property tax would bring that to 21,800 per year. Now I know Jon was paying 1,800 per month back in 2010. I seriously doubt that hasn’t gone up since but let’s just use that number. So between Jon’s rent and CSS water that’s 3,600 per month 43,200 per year. That’s a profit of 21,400 per year. 17 years later that’s a profit of 363,800 profit. Not to mention the tax benefits they received and all the free labor provided by club members to improve the property.

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