The dictionary defines the word “tenant” as one who has temporary rights to occupy a property. The key word here is “temporary”. With today’s historically low interest rates, more tenants are looking for ways to become a homeowner. Dreams of homeownership can become a reality in just 6 simple steps! Even in markets where the inventory of homes is in short supply, a tenant can apply these steps and realize the benefits of home ownership.
$5,000 monthly income
-$375 car payment
- $50 credit card payment
- $100 student loan payment
$1,475 available for house payment (including property tax, homeowners insurance and association dues, if any)
-120 monthly cost of homeowner’s insurance
-155 monthly cost of property taxes
$1,200 available for a home loan
At today’s interest rates for a 30 year mortgage, a $1,200 monthly payment gives you a $250,000 mortgage. *
Clark Real Estate
305 W. Moana Ste C
Reno, NV 89509
Our inventory is constantly changing!
Please see our current listings!