|
The mortgage payment is only one part of the resident rent. You have furnishings, depreciation/set aside for furture repairs, maintenance, housekeeping, cleaning supplies, insurance on the house and liability insurance for the group, property taxes if they own the land, House Director payroll and subsidies if they have one, lawn care, etc, etc, etc. Everything YOU have on your home. Of course, the larger the down payment, just like you, the lower the expenses
|