Hi guys, thanks in advance for your help. We are trying to sell our house but we are having a hard time finding a buyer, so I have been thinking about renting out the house, would love your opinion. We bought the house before we discovered MMM and now are trying to downsize to a much smaller house, but we need to sell ours first
Market Value: $405,000
Original Purchase price: 421,000
Original Mortgage Amount: 399000
Interest Rate: 4.75
Mortgage Term: 30 years
Term remaining: 27 years
Amount remaining on mortgage: 380000
Gross Rents: 2,500 (I am assuming this means how much I could rent it out for
Principal and Interest (the P&I of your PITI - should match with the above info): ~2000
Taxes and Insurance (the T&I of your PITI): ~600
HOA costs:0
Deferred maintenance notes:
Anything else special or unique in regards to the numbers of the property (not the property itself; things such as city assessments, back taxes, special costs due to unique features of the property, etc. etc.): lots of landscaping, the renters would have to like to maintain them or we would have to hire out