[quote=bearishgurl][quote=spdrun]Insurance is about $1200/yr(?). Mortgage (principal + interest) say 6%. Taxes 1.125%. Comes to about $1100/mo. Unless PMI premiums are sky-high, I’ guess he’d be paying less than the $1500-1800 (SWAG) required to rent such a place. Defs not 50% of rent, but still an ok deal.[/quote]
As of April of this year, FHA MIP’s are “sky high.”
edit: spdrun, you forgot to add in Mello-Roos. 85%+ of Moreno Valley has MR . . . and do any Piggs know how many of these tracts have HOA dues, as well?
