I do this myself whenever someone asks me why I don’t buy.
It’s simple, I rent a townhome, $1950 a month and split it with a friend. The one across the courtyard, same floorplan, sold for $625,000 a while back. HOA on the property is $330. The $330 doesn’t include the special assessment for termite tenting done this year. $3000. The HOA will finance it at 8% over 5 years.
So…
Property tax $625
HOA $330
special assessment $50
———————–
Total $1005
