I dont want to start a long debate regarding "rent vs own". I just have a simple question.
Im looking at a website listing rentals in S.Florida and Im seeing houses listed at like $644,000 that are renting for $3250 per month.
Why is the rent so low? If I paid that much for a house, wouldnt the mortgage be in the $6000 / month range (including taxes and insurance)?
PS..Im not saying that $3250 is low, but relatively to the price of the house it is.
Im looking at a website listing rentals in S.Florida and Im seeing houses listed at like $644,000 that are renting for $3250 per month.
Why is the rent so low? If I paid that much for a house, wouldnt the mortgage be in the $6000 / month range (including taxes and insurance)?
PS..Im not saying that $3250 is low, but relatively to the price of the house it is.