Author Topic: Reader Case Study - Rent vs. Sell  (Read 1101 times)

Oregonian

  • 5 O'Clock Shadow
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  • Posts: 1
Reader Case Study - Rent vs. Sell
« on: April 30, 2014, 01:20:23 PM »
Market Value: $190,000
Original Purchase price: $187,000
Original Mortgage Amount: $149,600
Interest Rate: 4.5%
Mortgage Term: 30 years
Term remaining: 25 years
Amount remaining on mortgage: $140,000
Gross Rents: $1,200-$1,300 based on current comparables
Principal and Interest (the P&I of your PITI - should match with the above info): $758
Taxes and Insurance (the T&I of your PITI): $266
HOA costs: None
Deferred maintenance notes: New roof in 5-10 years; replace backyard privacy fence; Large, landscaped yard would require dedicated tenant or yard care company to maintain
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.):None

marblejane

  • Bristles
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  • Posts: 358
  • Location: SF Bay Area
Re: Reader Case Study - Rent vs. Sell
« Reply #1 on: May 01, 2014, 09:34:56 AM »
This looks like a pretty clear cut sell to me. Why would you want to keep it?