Author Topic: Analyze my rental vs sale analysis  (Read 1109 times)

Zeratul

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Analyze my rental vs sale analysis
« on: December 15, 2016, 09:43:34 PM »
Thank you for the answers.
« Last Edit: January 03, 2017, 09:25:39 PM by Zeratul »

Another Reader

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Re: Analyze my rental vs sale analysis
« Reply #1 on: December 17, 2016, 10:23:34 AM »
The monthly rent is $3000 and the value is $510k.  Sell.  It is not even close to meeting the 1 percent rule.

okobrien

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Re: Analyze my rental vs sale analysis
« Reply #2 on: December 18, 2016, 08:23:47 AM »
The monthly rent is $3000 and the value is $510k.  Sell.  It is not even close to meeting the 1 percent rule.
I agree with Another Reader.  Also, looking at your spreadsheet, it doesn't seem that your HOA fees are multiplied by 12 for your annual expenses.  Did I read that right?  If so, the deal just became cashflow negative.

Field123

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Re: Analyze my rental vs sale analysis
« Reply #3 on: December 18, 2016, 11:49:02 AM »
Definitely a loser as far as it being an income property.

However, that doesn't mean it is necessarily a bad investment if you expect its value to continue to appreciate. It sucks for cashflow, but if its in a hot area that could keep pushing up, that's worth considering.

That said, the MMM answer would almost certainly be to sell.