Under your rent
29
$249,900
$215/sqft
2 bd · 2 ba · 1,162 sqft
#222, 45835 Sleepy Hollow Road
Cultus Lake · Manufactured Home
~$1,184/mo
Listed by Real Broker BC LtdMLS® R3173966
Rent vs own
$1,500 a month in rent buys a $316,000 home in Cultus Lake
At a 5.19% posted rate, 20% down and 25 years. 9 Cultus Lake homes are listed at or under it.
- Purchase price
- $316,000
- Down payment
- $63,000
- All-in monthly
- $1,974/mo
- Homes listed
- 9
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$316,000
20% down assumed ($63,000). 9 homes listed at or under it in Cultus Lake.
Of the first payment, about $417 goes to the loan itself. Tax, strata and insurance would bring the all-in price closer to $216,000.
- Purchase price
- $316,000
- Down payment
- $63,000
- All-in monthly
- $1,974/mo
- Homes listed
- 9
Source: Current MLS® listings.
Cultus Lake homes your $1,500 rent could own
9 active listingsOpen these Cultus Lake homes on the map
Draw an area and save homes you like.
Under your rent
10
$125,000
$155/sqft
2 bd · 1 ba · 806 sqft
#27, 3942 Columbia Valley Road
Cultus Lake · Manufactured Home
~$592/mo
Listed by Homelife Advantage Realty Ltd.MLS® R3105391
Under your rent
23
$199,999
$255/sqft
2 bd · 1 ba · 784 sqft
#65, 3942 Columbia Valley Road
Cultus Lake · Manufactured Home
~$948/mo
Listed by Royal Lepage Wheeler CheamMLS® R3160317
Under your rent
25
$85,000
$137/sqft
2 bd · 1 ba · 619 sqft
#28, 3942 Columbia Valley Road
Cultus Lake · Manufactured Home
~$403/mo
Listed by Century 21 Creekside RealtyMLS® R3127457
Under your rent
36
$88,888
$93/sqft
3 bd · 1 ba · 960 sqft
#109, 3942 Columbia Valley Road
Cultus Lake · Manufactured Home
~$421/mo
Listed by Hugh & McKinnon Realty Ltd.MLS® R3156719
Under your rent
36
$130,000
#60, 1436 Frost Road
Cultus Lake · Land
~$616/mo
Listed by Homelife Benchmark Realty Corp.MLS® R3134153
Under your rent
29
$249,900
$291/sqft
2 bd · 2 ba · 858 sqft
#18, 3942 Columbia Valley Road
Cultus Lake · Manufactured Home
~$1,184/mo
Listed by RE/MAX WestcoastMLS® R3085713
Under your rent
23
$248,700
#170, 1436 Frost Road
Cultus Lake · Land
~$1,179/mo
Listed by Homelife Benchmark Realty Corp.MLS® R3154736
Under your rent
22
$114,900
#58, 1436 Frost Road
Cultus Lake · Land
~$545/mo
Listed by Homelife Benchmark Realty Corp.MLS® R3121384
NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy. The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy. MLS®, Multiple Listing Service®, and REALTOR® are trademarks of the Canadian Real Estate Association (CREA).
The math
| Rent you pay | $1,500/mo |
|---|---|
| Interest rate | 5.19% |
| Amortization | 25 years |
| Down payment (20%) | $63,000 |
| Mortgage supported | $253,000 |
| Purchase price | $316,000 |
| Tax, strata and insurance | $474/mo |
| All-in monthly | $1,974/mo |
Assumptions
- Rate
- 5.19%, the posted five-year fixed rate. Illustrative, not a quote.
- Amortization
- 25 years
- Down payment
- 20% ($63,000 on $316,000)
- Property tax
- 3.50 per $1,000 of value
- Strata
- $320 a month, an estimate
- Insurance
- $62 a month, an estimate
An estimate, not a mortgage approval or financial advice. Change the rate, down payment or amortization in the calculator and the figures update.
Questions
$63,000, or 20% of $316,000.
The mortgage payment is. Tax, strata and insurance add about $474/mo, for $1,974 in total.
Other rents in Cultus Lake
Prepared by
Written and maintained by Ray Rasouli, REALTOR®, licensed in British Columbia and founder of Relta Real Estate.
Data
Source: MLS® listing data from BC real estate boards (MLS® Reciprocity) and CREA's DDF®.
NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy. The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy. MLS®, Multiple Listing Service®, and REALTOR® are trademarks of the Canadian Real Estate Association (CREA).
CorrectionsReport a correction
A mortgage broker can confirm what you qualify for.