Homes for rent in and around Jonesborough and Johnson City, Tennessee:
Homes for Rent
167 Cambridge Grove Way
January 11, 2012 By
New home on a large lot in a nice neighborhood. Ridgeview and Daniel Boone school district. Enjoy the quiet location while still being close to schools, work and shopping.
3 bedrooms upstairs, another bedroom in the basement could be a guest room or office. Nice interior finishes include hardwood floors and ceramic tile and granite-look countertops in the kitchen. Two-car garage and large yard. Owner/Agent.
Yes, It’s Really Less Expensive to Buy than Rent
January 10, 2011 By
With mortgage rates near historic lows and demand for rentals at record highs, it really is less expensive to purchase a home than rent. For example, the 3 bedroom, 2 bath home shown here can be purchased for $134,900 with a 100% mortgage from Rural Development at below 4%. With escrows for taxes and insurance plus PMI insurance, your monthly payment would be approximately $859. We rent some homes similar to this one for $1,000/month. So by purchasing, you would save $141/month, $1,692 annually and unlike paying rent, your mortgage payment builds your equity in the home and your net worth. The Johnson City area did not see the huge housing price boom and therefore home prices have remained stable. See this post for more discussion about that. Even if you’re not sure you would qualify for a mortgage, contact us and we will work with you to help you find out.
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