Why rent when you can own?
The following Analysis is based on a Townhome I previewed earlier.
$139,000 is for a 2 Bedrooms and 1.5 Bath, it's in good living condition. Assume the purchase price is $120,000
Downpayment (20%) is $24,000
1st Loan is $96,000
Payment at 5.25% is $530
Insurance Tax is $200
Total Payment is $730
Rental for 2Bedrooms is running around $1,200 to $1,600.
Not bad for first time buyer! If your interested in finding out more information regarding bank owned properties please contact me alan@i2realty.com
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