Market Update for homes Carterwood Gainesville Virginia
There are two properties for rent in homes Carterwood Gainesville Virginia. Rents have been about $2200 to $2400 a month, depending on size and type of property. These monthly rents are more than a monthly mortgage payment on a $350,000 home.
Using Zillow mortgage calculator a monthly mortgage payment with taxes, homeowner's insurance, 3.5% down payment, and 3.36% interest rate is $1,889/month for a home price of $350,000. Change the amount home only, to $400,000 the montly mortgage payment is $2,154.
The figures state clearly, it is cheaper to BUY than rent.
Thank you for reading this post. Misstie Pollard is a Realtor® Licensed in Virginia with Long & Foster Realtors.
She is anAmbassador; which provides Misstie with tools to assist consumers with deciding when is the right time to buy, sell, refinance, or rent a home in Northern Virginia. Please contact Misstie regarding the local Northern VA Housing Market.