Estimated Monthly Rent / Purchase Price

This scale is to provide you with estimates only.  The estimated monthly rent and home cost described below are based upon certain assumptions. The actual amounts will vary depending on the actual cost of acquiring the home (plus estimated closing, rehabilitation, homeowner dues (if any), real estate tax costs, and other factors considered in underwriting the transaction.

Home Cost: $100,000-140,000 (100k is the minimum purchase price allowed)
Rent Low:  $1250
Rent High: $1410
Does not include HOA fees(if any), additional rehab(if any), or pool servicing fee (if any)

Home Cost: $250,000
Rent Low: $1940
Rent High: $2230
Does not include HOA fees(if any), additional rehab(if any), or pool servicing fee (if any)

Home Cost: $350,000
Rent Low:  $2520
Rent High: $2910
Does not include HOA fees(if any), additional rehab(if any), or pool servicing fee (if any)

Home Cost: $450,000
Rent Low: $2970
Rent High: $3460
Does not include HOA fees(if any), additional rehab(if any), or pool servicing fee (if any)

Home Cost: $500,000 (500k is the maximum purchase price allowed)
Rent Low:  $3170
Rent High: $3710
Does not include HOA fees(if any), additional rehab(if any), or pool servicing fee (if any)

Monthly Rent Increases

Each year, a resident’s Monthly Rent increases by no more than 3.75%.

For example, if the Monthly Rent for Year 1 is $1,400 per month, the increase for the next year is $50/month (i.e., $1,400 x 1.0375)*.

Monthly Rent

Year 1 ………$1,400
Year 2 ………$1,450
Year 3 ………$1,500
Year 4 ………$1,560
Year 5 ………$1,620

* Rent will round to the nearest $10. 

 

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