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Roughly....depending on interest rates and downpayment. Don't forget about property taxes, insurance, and association fees if applicable. They can EASILY add on another 500-600 on your monthly payment.
WOW!! $1,600/m for a $200,000 house. I'll lookup for a condo. THANKS
What is your max monthly payment? Condos are going to run you just as much per month. You might be better off renting a 1br apartment for now - or renting a house with roomates.
As Jean said, I have heard people saying that Essex (ex: East Orange) is a very affordable area. But I believe that Is around 50+ minutes away from NYC.
As per most replies I see now that it is impossible to find a house with my conditions, within the 30min range area.
E.O. is approx. 40 minutes from Manhattan.
I wouldn't want my worst enemy to live in that city.
Rent for as cheap as you can, preferably with a month to month arrangement (so you can leave when your options change). Keep things cheap, save everything else to build up your downpayment, and wait for the houses to begin selleng en masse come springtime. The market outlook right now isn't so hot, but remember, many more come on the market in the warmer weather. Keep your eyes peeled, and you may come across something good.
However, it won't meet all 4 of your requirements. The two easy ones to change are the number of bedrooms and the travel time to NYC. Travel time to NYC is the first requirement you should reevaluate.
Rent for as cheap as you can, preferably with a month to month arrangement (so you can leave when your options change). Keep things cheap, save everything else to build up your downpayment, and wait for the houses to begin selleng en masse come springtime. The market outlook right now isn't so hot, but remember, many more come on the market in the warmer weather. Keep your eyes peeled, and you may come across something good.
However, it won't meet all 4 of your requirements. The two easy ones to change are the number of bedrooms and the travel time to NYC. Travel time to NYC is the first requirement you should reevaluate.
Cucullin, Thanks a lot! I will reevaluate my thoughts. Many Thanks for your time!
LMAO, wow that sounds like a killer neighborhood to live in.
E.O. is high crime.
Try looking at statistics for cities that are "cheap". If you find something cheap in NNJ - chances are you don't want it (in most cases).
Actually, most of Essex is going to be pretty expensive (I've seen even a few homes selling for 250-350 in undesirable areas). One of my friends paid over 13k in one town, and other friends are paying 10k+ for taxes alone.
I'd recommend renting a place first, or if you want cheaper rent + housing, going farther west or south.
Try looking at statistics for cities that are "cheap". If you find something cheap in NNJ - chances are you don't want it (in most cases).
Actually, most of Essex is going to be pretty expensive (I've seen even a few homes selling for 250-350 in undesirable areas). One of my friends paid over 13k in one town, and other friends are paying 10k+ for taxes alone.
I'd recommend renting a place first, or if you want cheaper rent + housing, going farther west or south.
I hear you! I actually am a current renter. I just didn't want to keep throwing away money anymore...
I hear you! I actually am a current renter. I just didn't want to keep throwing away money anymore...
Where are you renting, if you don't mind me asking?
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