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Updated over 8 years ago,
Would this make a good rental?
Would it be a good idea to rent out this property?
3 Bed / 2 Bath / Family room / Living room / Dining Room / 2 car garage house
Location: South Sacramento, CA
Principle/Interest/Tax = $1100/month
Water/Sewer = $85/month
Possible Rental amount = $1350-$1470
I know that if the loan amount was less, it would be better in terms of positive cash flow but this is where it's at right now. I know it doesn't meet the 50% rule but I'm looking for some ideas. Please help!