09/25/2026
Just closed, and the numbers on this one are worth talking about.
My buyers purchased a three-family home, but they won’t be carrying the full mortgage on their own. They’ll live in one unit while the rental income from the other two units is expected to cover approximately 85% of their mortgage.
But that’s only part of the story.
Here’s what we were able to put together:
➖ 2 grants totaling $105,000.
➖ $55,000 below list price.
➖ 30-year fixed rate in the low 5s.
➖ 3% down payment with no PMI.
Instead of simply buying a home to live in, they’ve purchased a property that gives them the opportunity to significantly offset their own monthly housing costs with rental income.
They get a place to call home AND two income-producing units under the same roof.
This is why I’m always telling buyers not to assume homeownership has to look one particular way.
The right property, with the right programs and the right strategy, can make the numbers look very different.
Huge congratulations to my buyers on officially closing!
If you’ve ever thought about buying a multi-family, living in one unit and renting out the others, let’s run the numbers and see what could be possible for you.