Rental #1:
Purchase $38,400. Total after repair cost (including purchase), circa $47,000. Current value circa $80,000. 3br/1bath
Rents for $750. I plan on counting circa $400 of that as income, for circa $4,800 a year. The rest will go towards repairs (both current and sinking funds for roof, hvac, etc.), updates, property management, vacancy, taxes, insurance, and surprises.
Rental #2:
Purchase $37,000. Total after repair cost (including purchase), circa $52,000. Current value circa $80,000. 3br/2bath
Offering it for rent at $800. I plan on counting circa $400 of that as income, for another circa $4,800 a year.
Rental #3:
Purchase circa $33,000. Expected total after repair cost (including purchase), circa $44,000. Expected after repair value circa $80,000. 3br/2bath
Plan to offer it for rent at $800, with circa $400 of that as income.
These are nice, livable, pleasant houses. They are attractive and a good place to raise a family in. The first two have nice neighbors. We haven't been doing much work at Rental #3 yet so we haven't really gotten to know the neighbors. (But we expect they'll be nice, too.)