Buying vs Renting:
Investment & Savings Projections1
3 Bdr/ 3 Ba
4 Bdr / 4 Ba
|Estimated Total Cash to Close3
|Est. Rent per Bedroom
|Number of Bedrooms
|Total Est. Monthly Income
|Principal and Interest4
|Total Est. Monthly Expenses
|Monthly Gain/Savings Gained by Owning
|Est. 4 Year Savings Gained by Owning
|Est. Equity/Value Gain in 4 Years5
|Projected 4 Year Investment Gain6
- Projections based on current rental rates & assume rising real estate values in College Station in the future. Past performance is no guarantee of future results.
- Unit purchase prices are subject to change without notice.
- Assumes 2.25% Downpayment on FHA loan, along with Buyer's closing costs, prepaids & loan fees.
- Principal & Interest payments based on assumed 5.75% interest rate.
- Projected value increases are pegged at 5.167%, which is 1/3 of current national avg for condos.
- Based on Savings + Value/Equity Gain (not incl depreciation, interest deduction, tax benefits or maintenance costs).
Why It's Better to Buy Instead of Rent
Parents who wisely choose to invest in college housing can do so with the confidence that their
decision is well supported by solid investment research and counsel:
A Forbes.com article entitled A+ College Real Estate(22-Aug-2006) put it succinctly:
"Rather than shell out a small fortune for a ratty dorm room or an overpriced apartment,
parents can build equity, generate cash flow, and eventually
benefit from real estate appreciation."
This is especially true regarding College Station. According to a recent article in CNN Money Magazine
(3-Jan-2006), while 65 of the nation's 299 biggest real estate margets are severly overpriced and subject to possible
downward price corrections, College Station is the most
undervalued real estate market in the country, thus offering parents and investors a significant opportunity to
realize better than average appreciation gains in the next several years.
Even before the research noted above was published, real estate
investment guru, Gary North, was recommending College Station as an excellent real estate buy. In his article
entitled, The IQ Factor in Housing Prices (1-Apr-2005) he says: "If you want to make money in real estate,
long term, identify medium-size cities where there is at least one major university...
I would pick College Station, Texas, as an obvious choice.
Texas A&M is there."
In College Station there is no better place to invest than
Waterwood Townhomes. In fact, one unit sold for $11,000 more than its original cost after only 14 months,
equaling an annual appreciation gain of more than 8%!
What's more, current pricing is $30,000 to $50,000 below that of our biggest competitor. And finally, parents and
students love Waterwood Townhomes; one parent - who owns 3 Waterwood units - exclaimed,
"The project you are developing is second to none in College