Affordable Austin Condos at Verandas

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Affordable austin condos at verandas

 

VERANDAS CONDOMINIUMSUNIT 219

  • Where? 909 Reinli Street Austin, TX 78751 (10 minutes to DT)
  • Price? $210,000
  • Beds? 2
  • Baths? 2
  • HOA? $198 monthly

BUY VS RENT PAYMENTS

  • Potential Monthly Payment if buying (Including HOA)? $1,300-1,500

  • Current Average rent in zip code 78751 for 2 bed & 2 bath condo? $2,200

If you owned this condo you could charge rent to a roommate for around $1,000-1,200 a month. That would make your monthly payment around $100-500 a month.

You would also be building equity in your home. When you want to sell (I’d suggest not selling for at least 2 years for tax reasons) you will be receiving much of this money back and depending on the market you will make a little extra from appreciation.


IS THIS OBTAINABLE TO YOU?

  • Do you have a salary job? OR…Have you been self employed for 2 years or longer and can show income?
  • Do you have low or no debt? (Monthly car payments, credit cards, student loans)
  • Do you have cash? Or family who will help you invest? (At least 3% of the sales price of the condo for the down payment and $3-5K for closing costs)

If you answered yes to most of these questions you just may be in luck! You’ll need to contact a lender to find out for sure. 


If you have any questions about Austin Real Estate or the buying process, don’t hesitate to ask! To find out the best Austin areas for you, feel free to contact me. You can also search for current homes on the market at KristinaModares.com