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This is an income producing rental property, tenant has been in the property for five years. Tenant is currently receiving $1172 from HUD voucher and pays $520 per month for a total rental income to seller of $1692.00 monthly. The tenant is currently on a month to month rental. Tenant currently has plans to vacate the property by the end of February, unless arrangements are made with the new owner, to continue with a new lease.
This calculator is illustrative, but your unique situation will best be served by seeking out a purchase budget pre-approval from a reputable mortgage provider. Start My Mortgage Application can provide you an approval within 48hrs.