How does ground rent work and how does it affect a rental?

[Andrew Kurtz]

Hello!

I am currently working to educate myself before investing in my first rental property. A number of places I have looked into have ground rents. I tried looking up exactly what these affect with few clear results. I am just looking for some clarity on this topic. For example, one property I was analyzing has a mortgage of $400 and in the property details there is a note in the basic information about a ground rent at $300 a month. Does that mean I would actually be paying $700 a month? Or is there some other way this rent is factored in? Thanks for your help! -Andrew