Affordable Austin Condos at Verandas

BUY VS RENT PAYMENTS

• Potential Monthly Payment if buying (Including HOA)? $1,300–1,500
• Current Average rent in zip code 78751 for 2 bed & 2 bath condo? $2,200

If you owned this condo you could charge rent to a roommate for around $1,000–1,200 a month. That would make your monthly payment around $100–500 a month.

You would also be building equity in your home. When you want to sell (I’d suggest not selling for at least 2 years for tax reasons) you will be receiving much of this money back and depending on the market you will make a little extra from appreciation.

IS THIS OBTAINABLE TO YOU?

• Do you have a salary job? OR…Have you been self employed for 2 years or longer and can show income?
• Do you have low or no debt? (Monthly car payments, credit cards, student loans)
• Do you have cash? Or family who will help you invest? (At least 3% of the sales price of the condo for the down payment and $3–5K for closing costs)

If you answered yes to most of these questions you just may be in luck! You’ll need to contact a lender to find out for sure.