Rental Income Comparison for Midwest Suburban Investors

[Ryan Kraft]

This is a question for investors who invest in buy and hold suburban areas. I would like feedback on the numbers I am getting on my 3 rentals. 1 is a rental I intend to keep long term. The other 2 I am holding till I feel prices have maxed in the short term. All of which I would like your perspective if they are worth holding long term as rentals or even how these numbers compare to deals you currently hold. Keep in mind my market is not the low value high rent high turnover area . 

#1 ( I would like to keep)

90k mtg

130k Current Market Value

$950 pr/m rent tenant pays all utilities

good condition / good tenant

$2300 taxes

$450 P & I

$650 insurance

self managed, tenant does lawn and snow and general maintenance. 

#2

150K mtg

215k current market value

1300 pr/m rent tenant pays all utilities

good condition / great tenant

3200 taxes

742 P&I

700 insurance

50 pr/m water softener/iron filter

self managed, tenant does lawn and snow and general maintenance. 

#3

135K Mtg

205k current market value

1250 pr/m rent tenant pays all utilities

good condition / bad tenant

3500 taxes

670 P&I

700 insurance

self managed, tenant does lawn and snow and general maintenance (sort of) 

These were all purchased a few years ago with the intent to flip when deals where easy to come by. I am currently holding on to them and am undecided if I should sell or not. They were all remodeled nicely and I hold very little for Capex and Management.