Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 6 years ago,

User Stats

5
Posts
1
Votes
Kieran Mason
  • Denton, TX
1
Votes |
5
Posts

My first single family home rental

Kieran Mason
  • Denton, TX
Posted

I wanted to post the numbers to see what you pros think. Rent or sell?

Rent Insurance approx annually $1350 monthly $113 Property Taxes annually

$4850 monthly $405 Mortgage monthly $915 Total $1433 $153 Property management fees rent at $1700 a month 9% + 50% first month.

Total with management fees $1586 Positive $114 I would put in the bank to use for for repairs cap ex. and vacancy.

This is the house when I bough it. I have lived in the the past 2 years. I have an interest rate of 3.5% and owe $180k.  I have done a few upgrades living here... Light fixtures, the kitchen, fresh paint, new fence and garden and shutters in the front.

If I went to sell it I think I could get $240k realistically. I would have approx $40-45k. https://www.zillow.com/homedetails/3900-Oceanview-...

Loading replies...