Buying Single Family vs Buying Multi-Family! How to Make it Work As a Primary Residence!!


“What if You” – Joshua Radin

Single Family Example vs. Multi-family Example

An Example:

  • You, the buyer, wants properties in an area you can’t afford.
  • PITI is $1,166; too high for you, the borrower, or out of your comfort zone.
  • But, you are a motivated buyer.

Scenario:  Buyer wants to purchase a home (an example).

  • Income $4,000/mo., credit 640 or higher.
  • Limited funds for down payment: 3½%.
  • Minimal  monthly consumer debt.
  • Estimated maximum purchase price listed below and interest rates at 4.00% (just to round off).

                                                       Single Family                                Multi Family, 2 Unit

Sale Price                                           $253,000                                                             $300,000

Est. PITI                                                  $1,166                                                                    $1,406

Est. Rental Income                              $0.00/mo                                                             $850/mo.

PITI  Minus  Rental Income                      $1,166                                                            $556 / mo.



About the Author | Janeese Jackson

My job is service...service to you and your real estate transactions! How can you benefit from my 25+ years of experience and expertise? What can I offer to make the process more productive? * Current information on available housing...comparative and competitive market pricing and analysis * Daily involvement in the local real estate marketplace * Thorough, comprehensive knowledge reflecting years of helping others complete their real estate business * Extensive network of professional resources to make the process as smooth as possible My commitment is to you! Being available to you...returning your calls...answering your questions...addressing your concerns...respecting your money...matching your timeline...meeting your expectations...helping accomplish your real estate goals!!

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