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To: 2ndDivisionVet

There are cheaper homes available in this town, but they typically would get listed on craigslist or equivalent, not by realtors.

3 bedrooms, 1220 sq ft available now

25
More Details
32 Republic Ave
Glouster, OH 45732 - $28,000
Single Family | MLS #: 2423385
3 bd | 1 ba | 1,220 sf | 0.13 ac

Interest rates are only 4% or so right now. If you can get a parent or sibling to loan you 5k for a down payment, you could borrow 25k (I’m figuring 2k or so for closing costs) and the payment would only be $150 or so/month on a 30 yr.

$8 x 170 hours/month = 1360/month gross pay. Factor in the HEAP program for your electric and gas bills. You could easily afford this 3 bedroom beauty on minimum wage.


10 posted on 08/11/2017 2:37:30 AM PDT by j. earl carter
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To: j. earl carter

That is way out in the sticks. The owner would likely need a reliable car to get to work. I snooped around on zillow for apartment rents in my town. There are single bedrooms for around $500 a month. FTE at minimum wage is $17K a year. The town has a great bus system so going without car expenses, is possible. This person would also pay very little if any for Obamacare and possible get some modest SNAP benefits.


12 posted on 08/11/2017 3:21:37 AM PDT by EVO X
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