The Money Mustache Community
Learning, Sharing, and Teaching => Real Estate and Landlording => Topic started by: Oregonian on April 30, 2014, 01:20:23 PM
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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
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This looks like a pretty clear cut sell to me. Why would you want to keep it?