It isn't often that you can find a nice 3 bedroom home for under $50,000 in Janesville Wisconsin. Due to the recent economic recession, today there are currently over 15 options for you! Click on the map below to see these active MLS listings.
You might be wondering how much a mortgage payment would be on a fifty thousand dollar house. Let's say that you were able to come up with a 5% down payment. For a home at this price, that's only $2,500. Today's mortgage rate is around 3.75%. This leaves a principal and interest payment of only $220 per month! There are other things to factor in, including taxes, home owner's insurance, and any private mortgage insurance, but you get the idea. This is much cheaper than rent!
In fact, these three bedroom Janesville homes would make great rentals!