Chicago, IL · Member since 2014 · 4 posts · 1 vote
I know there are several rule of thumbs to consider when looking at a potential investment such as the 50% rule, $200/door etc.
I have a potential condo investment I am looking at but based on the rent I can get, the ROI runs in the range of 12-18%. The comps in the building are a 1BR/1 Bath w/ parking for $1750 where as the one I'm looking at is a 1BR + den / 1 Bath w/ parking so I assume I can get easily $1850, $2000 if I'm lucky (the 18% ROI).