$16,000 Cash / Bank Financing or Owner Carry with $1,000 Down and $400/Month for 10 years. Yes, that's the same price as rent this year, but in 2 years when rent would be $400 (based on a 5% per year increase) , you will still be paying $440. In 5 years when rent would be $510, you will still be paying $400. In 10 years when rent would be $650 you are still paying $400. After the 10th year you pay $0.00, because your home is paid off .
$1,000 Down - $400 Month for 10 Years
