The Money Mustache Community

Learning, Sharing, and Teaching => Real Estate and Landlording => Topic started by: Le Poisson on September 16, 2016, 01:34:31 PM

Title: Is this a winner...
Post by: Le Poisson on September 16, 2016, 01:34:31 PM

I think I have a winner, other folks say no its a loser. Weigh in and let me know what you think based on current numbers...

(Property tax is rolled into mortgage hence $0 value, also mortgage is at 2.39%)

Title: Re: Is this a winner...
Post by: RodFoster on September 18, 2016, 06:02:29 PM

Rents are above 1% so that's a good start. Typically the midwest and southweast have good returns while California and other western states don't. Out west half percent is not uncommon except for C/D areas.  Hoping for more appreciation in California I think.  Assuming the property is not super old or otherwise subject to lots of prepares I like the numbers pretty well.  I am not jumping for joy but they look pretty good.