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Next on the agenda was analyzing the Las Vegas market. After diving into the numbers for a similar house valued at $900,000 with comparable attributes—a three-car garage and robust living space—we again allocated the same $300,000 down payment. Here, however, the financial equation looked significantly different.
The property tax in Las Vegas is set at a mere 0.5%, vastly more economical than what Cape Coral demanded. Coupled with homeowners insurance costs of around $300 a month, our total monthly expenditure for the Las Vegas home dropped to around $3,030, leading to almost $1,000 in savings each month.