Start your membership account today...  Access to credit reports, 100's of rental specific forms, agreements, letters, checklists, how-to articles, guides, expert advice and much more!  Even a FREE, 3-day trial!

Not a Member?
Get a Free Trial Membership

  Get FREE Stuff! Run Credit Report Rental Forms  Shop & Buy Forms!  Advertise Your Rental Customer Care

Welcome to's Discussion Forum
Sign up Latest Topics

  Author   Comment  

Posts: 1
Reply with quote  #1 
This is my property...What are the pros and cons in the eyes of a investor? Thanks

Posts: 3,809
Reply with quote  #2 
My opinion:  It's slightly overpriced.  Last year it appraised between $137-155K.  You have it listed for $177K.  You've already reduced the price 14% so the starting price at $206,500 was too high.  It needs to be in the low 170s.

As a rental:  It's overpriced.  With estimated mortgage payments over $1100 per month, by the time you add in insurance, taxes, and the HOA fees (plus a measure for maintenance and vacancies), you couldn't make money as a rental.  Adding in those fees is probably a good $600 more a month, raising your payments to $1700 a month.  Rentals in the area are going for $1400-1700 for that size house.  No money to be made as a rental.
Previous Topic | Next Topic

Quick Navigation:

Easily create a Forum Website with Website Toolbox.

Apartment Finders > > Member Log-in > Free Trial Offer > Free E-newsletter > Customer Service > Get Free Stuff! > Run Credit Report > Rental Forms > Vacancy Center > Do-it-yourself > Evicting Your Tenant > Foreclosure Resources > Landlord Discussion Board > Income Tax Resources > Information Center > Join > Landlord Law > Library > Multi-family > Professional Advice > Rental & Property Mgmt > Rent Collection > Repair & Maintenance > Security Deposit > Software Center > Tenant Screening > Vacation Homes > What's New > Rental Agreements > Free Leases > Inside Our E-store > > Security Deposits > > Landlord Daily News > Rental Agreements > Resources: Cleaner Sunshine coast