UT parents cash drain: rent
Attention UT parents. Tired of paying rent, a lot of it? Do the math of 5 years x $$. You really can turn the college rent drain into an investment. Let’s do a little math.
Purchase a $200k home with 3 bedrooms and 2 baths. Put 20% down, get two roommates and here’s an estimated breakdown at 6.25%:
$985 principle, interest
$350 tax, insurance
($1000) 2 roommates
$335 your out per month
vs. what you’re paying now
plus appreciation 5 years down the road?
Perhaps you have more than 1 child to put through UT … 8 years?
We have a listing right now that may fit the bill. A block from the bus, a straight shot up Lamar, a 3 / 2 ½ with 3 living (lots of desk options), 1 car garage. Here’s the link: www.7508paxton.com
© Julie Nelson and The Nelson Project at Keller Williams Reatly, 2008-2010. Unauthorized use and/or duplication of this material without express and written permission from this blog’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Julie Nelson and The Nelson Project at Keller Williams Realty with appropriate and specific direction to the original content.