#persiangardens #northphoenix #whypayrent #phoenixcondos #phoenix #phoenixliving #deervalley
Renters: Why are you paying rent? The affordability of living and owning in the Deer Valley area of North Phoenix has become more affordable. If you are a renter who only needs a small place, looking to build equity, Persian Gardens is the place to be. Why live closeby, pay rent, plus tax and other hidden monthly expenses and never get that money back?
Here’s an Example based on my finding:
A 2 Bedroom home, 1 bath, roughly 980 Square feet could be available to buy for $89,900. Conventional Loan 4.5%, 5% Down Payment, including annual real estate taxes of $301, and annual insurance of $950. You would pay roughly $538 a month on your mortgage. In addition, you have tax incentives and you build equity.
*** Pay $220 in HOA monthly dues and they include pool, playground, community laundry, exterior maintenance of the unit, roof repair, roof replacement, blanket insurance policy, water, sewer; trash collection, and common area maintenance. ***
Pay $758 a month on the mortgage and HOA Dues!
Rental 1/2 Mile East:
A 2 Bedroom home, 1 bath, roughly 884 Square feet available for average rent for approximately a $795 a month. Sales tax added, and possible added monthly unwanted costs (valet trash) that you can not opt out of. You pay your own insurance. You have no tax incentives, & no equity to build.
Pay $795 a month, Plus hidden Fees for that smaller unit.
In 5 Years in owning, you have built $6,700 in equity!
In 5 Years in renting, you have built no equity for your future.
Do you get the drift? Never let landlords hold you hostage with the rent you’re never able to negotiate with, those hidden fees, and them controlling you with your invested and hard earned money. Call me at (490)788-9212 and we’ll get you pre-approved with a qualified lender, and we’ll begin your two bedroom condo home search today!