Market Value: $412k (zillow estimate, appraised at time of refi in March 2013 for $400k)
Original Purchase price: $360k (in 2004)
Original Mortgage Amount: $328k (in 2004)
NOTE: The house has been re-financed twice since orig. purchase and some equity taken out. Current mortgage is $340k
Interest Rate: 3.5%
Mortgage Term: 30 year
Term remaining: 28y, 8m
Amount remaining on mortgage: $332,500
Gross Rents: expect it could easily rent for $2.2k/m, but would try for $2.5k/m (there are few rentals in this neighborhood, but it is very conveniently located)
Principal and Interest: $1,532
Taxes and Insurance: $480 (inludes PMI)
HOA costs: $0
Deferred maintenance notes:
It will need a new roof in 1-3 years, no other regular maintenance expected in the short term
Thanks in advance for any advice!