Today's market profit??

[Trent Reeve]

In today's market in my area, i can find some sub-$300k houses, with mortgage payment about $1,000-1,100   (after 25% down payment) would profit around $350-500. but my down payment would be from a Heloc, so after interest on Heloc, would be a profit of $100-200.  does this sound right? does this range sound right?

[Tim Johnson]

Hey Trent, not quite enough info for this forum to be of much help.

Does the mortgage payment include taxes and insurance?

Do your numbers take capex, maintenance, vacancy, management, etc. into account?

What is the market rate for rent?

How is your HELOC structured?

This could be a good and reasonable situation - just a bit hard for us to tell or offer helpful thoughts.....