The Sales Price for this example property = $225,000
The Buyer put down = ($11,250)
The Buyer received a loan amount = $213,750
There will be a 4.375% Interest Rate for 30 years
**if you have to pay rent either way, why not put the amount towards a mortgage?
**Compare $373 to renting at $500 a month
**That is a $6,000 difference in just 4 years
These properties were closed in the past 2 years. This inforamtion is provided by the MLS.
*Texas is non-disclosure state, specific addresses are not given to the public.
**If the property is owned for an additional year, a $10,000 profit could be made.