Preferred lender offering 3.125% interest rate.Payment Breakdown:Principal and Interest: 1321PMI: 59Tax: 253Homeowners Insurance: 33Condo Fee: 400Total Monthly: 2066 (27.5% gross monthly income)While I am increasing my housing costs by a significant factor compared to renting, it’s right at part of the recommended 28% of monthly gross income.

Preferred lender offering 3.125% interest rate.Payment Breakdown:Principal and Interest: 1321PMI: 59Tax: 253Homeowners Insurance: 33Condo Fee: 400Total Monthly: 2066 (27.5% gross monthly income)While I am increasing my housing costs by a significant factor compared to renting, it's right at part of the recommended 28% of monthly gross income.

Have you compared the interest rates in this program?

Your best solution is to analyze the home as a rental yourself by comparing it to other comparable homes on the market.

Has anything changed compared to pre-pandemic?

The residents typically know how their current lot rent compares to nearby parks and if you adjust to market-rate I doubt it would be a surprise. 

The property values are overall still lower compared to other neighborhoods of equal distance to the downtown.

From there, it's just a math equation comparing that interest cost to the closing costs. 

An ARV house that is 1300sqft CANNOT be directly compared to a house that is only 1000 sqft.

@Basit Siddiqi each LP’s contribution can be very little (much less than 0.1%) compared to the total capital stack, so it can be claimed that a very small portion of their contribution is going towards any expense.