HOWEVER.... with the interest rates on mortgages currently around 3.5%, you could actually buy a house like this one, with a mortgage payment that's cheaper than the monthly rent on this. I can also show you how to get down-payment assistance through a government agency called CHFA. With CHFA, you only have to have a $1000 down payment, instead of the typical 3.5% down payment. So, you can actually buy a house with less money, than it would take to come up with a deposit, and first + last month's rent on a rental house. Not to mention, the mortgage payment would be several hundred dollars per month cheaper. Call me if you want to learn more about CHFA down payment assistance. Its a very good program, and very easy to use. I have sold 5 houses in the last two months using CHFA.