Nice Townhouse, 3 bedrooms and 2 baths upstairs, kitchen has breakfast bar. Vaulted ceilings. Basement is a 1 bedroom apt rental -with existing renter - with own full kitchen, full bathroom and separate entrance. Income: $725 to owner. Cost Breakdown to buy: $10,000 down Assume existing mortgage payment of $1750 per month, plus HOA fee of +100 per month --------------------------- $1850 per month - includes everything - 725 income from basement renter monthly ---------------------- $1125 per month - YOUR ACTUAL MONTHLY COST The basement renter is on a solid 6 month lease, renewable, and has own entrance. NO bank qualifying for you- use the financing already in place.
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