FOR PARENTS

Can Roommates Help With the Cost?

See how roommate income can reduce your housing costs and make buying more affordable.

Texas Tech University · Lubbock, TX

Run the Roommate Scenario

College or UniversityProperty priceNumber of bedroomsYour student’s roomNumber of roommatesExpected rent per roommate

Advanced ownership assumptions

Vacancy allowance (%)Monthly property taxesMonthly HOA / association

Estimated Monthly Breakdown

Total monthly ownership cost$2,171

Roommate contribution (3 × $437)−$1,311

Estimated family housing cost $860

That’s 60% lower than paying it all yourself.

Still unknown: property taxes, HOA / association cost. They are not represented as confirmed $0 costs.

Verify rental and occupancy rules

Check HOA restrictions

Allow for vacancy

Plan for utilities and repairs

Understand how lenders treat projected rent

Confirm insurance implications

No current published property card matches this bedroom scenario. We do not fabricate inventory to fill the section.