1. How much down payment are you putting down?
2. Are you paying your side of the closing costs?
3. What rate has your lender pre-approved you at?
4. What is the term of the note you were pre-approved on.
This property is for RENT for $4,000 per month.
This home is in the prestigious community of Waterchase, in the Mar Azul section.
A home like this may cost you about $650,000 to 700,000. So if you put 20% down and have excellent credit your mortgage may cost you about $2,500 per month. To that you would add property taxes, insurance and Homeowners Association dues to arrive at your bottom line monthly amount.
Are you looking to BUY? There is a bank owned property in Waterchase that you can buy with only 3% down and it is listed for about $550k, 5 bedrooms, 3 baths, about 3,000 square feet.
Call me or email and I'll be happy to show you the Waterchase property if you're prequalified to buy in the $500k price range.
Your downpayment on the $550k house can be as little as 3% so it may be about the same cash out of your pocket to buy versus renting and being at the mercy of your landlord for price increases or not extending your lease.
Call or email and I'll help you if you haven't already found a Realtor to help you.
All the best,
Alma Rose Kee, PA
Sold On Tampa Team