{
  "id": 7570505,
  "title": "Couple’s $360K condo deal now earns $4,530/month",
  "url": "https://urgent.news/2026/09/15/couples-360k-condo-deal-now-earns-4-530-month",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-15T14:42:52.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/news/international/global-trends/florida-couple-bought-3-condos-for-360000-and-now-collects-4530-a-month-in-rent-how-they-built-a-very-healthy-rental-portfolio/articleshow/134266958.cms"
  },
  "original_language": "en",
  "account": "A Florida couple, Ted Garber and Jamie, purchased three occupied condominiums for $360,000 in 2022. These properties, located about 90 minutes away from their home, have since generated $4,530 in monthly rent, marking a profitable investment for the long-distance duo. The purchase price allowed the Garbers to buy the condos at slightly more than 1% of the purchase price in rent, meeting one of their investment criteria. The three condos were initially listed for between $390,000 and $400,000, and Ted managed to negotiate the price down to his target of $360,000.\n\nFinancing the $360,000 purchase was done through a commercial loan, which was amortized over 20 years with an interest rate of approximately 5.5%. The couple invested $113,548 in total, including a 25% down payment and transaction costs. Upon purchasing the condos, they brought in $3,675 in combined monthly rent. Presently, the properties generate $4,530 in monthly rent, reflecting a positive return on investment despite higher HOA fees and insurance costs.",
  "summary": null,
  "key_points": [
    "Florida couple Ted Garber and Jamie bought three condos for $360K in 2022.",
    "Properties generate $4,530 monthly rent, profitable investment.",
    "Garbers financed purchase with commercial loan at 5.5% interest."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}