$21,000 Cash / Bank Financing or Owner Carry with $1,500 Down and $425/Month for 10 years. Yes, that's the same price as rent this year, but in 2 years when rent would be $470 (based on a 5% per year increase) , you will still be paying $425. In 5 years when rent would be $540, you will still be paying $425. In 10 years when rent would be $690 you are still paying $425. After the 10th year you pay $0.00, because your home is paid off .
$1,500 Down - $425 Month for 10 Years
