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Updated over 2 years ago,
How to correctly calculate rental income -cash purchase NEW here
New member! A family member is about to make an offer on a condo in Orlando for rental investment , this will be paid in cash - both places have renters.
first one :
2674 Robert Trent Jones Dr Orlando, FL 32835 - They'll offer 175K ( I think they should offer less ) on the market for 80 days (per Zillow)
second :
6025 Westgate Dr 2511, Orlando, FL 32835 - Offering 220 K - in the market for 13 days (per Zillow)
I tried to calculate the rental income but I'm not sure I'm doing this correctly and I would like to give better numbers to help out since it's their first rental purchase. I'm making sure they follow bigger pockets from now on.
Help please : ) I'm Still learning ...
Lorena