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Updated almost 6 years ago,

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5
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Nav Anand
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5
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Converting primary residence to rental

Nav Anand
Posted

We currently live in a 1250sqft 3bd 2 bath bungalow with basement and double garage.

It’s come time to upgrade and rather than sell which will cost quite a bit I’d like to rent it out.

Here’s my initial breakdown:

$1290 mortgage

$300 taxes

$50 insurance

$150 vacancy and maintenance

So to break even I’d need to charge $1800/month. Best I can tell is I should be able to get that in todays market. But is there anything I could do to raise the units appeal or even increase the rental rate to $1900/month?

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