 The homeowner bought it for a dollar less than a million dollars. They needed to put $200,000 down and had a monthly payment of $4,600. Actually, $227,000 down because closing costs, land transfer tax. Taking care of this home is $17,000 a year. $4,600 a month in mortgage is $55,000 a year. In total, it's $72,000 a year to own the home. That's a little more than $6,000 a month. The renter's not paying $6,000 a month. They're paying $3,300 a month.