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Updated about 9 years ago, 11/18/2015
What would you need to rent this for to justify investment 850k
Home Value 850,000
Taxes are 10,000/yr
Insurance is 8,500/yr
Tenant pays water/electric....I realize I should be looking at comps in the area to set the price, i'm just curious on the numbers what landlords would typically want to make their formulas make sense.
1% rule applies to big stuff?