Did I make a good deal?

[Tyler Darby]

Any advice is welcome. I recently purchased a home in a hot area for 168,000. I put about 18,000 in the house and it’s completely redone. My mortgage is currently $1205 and houses in this area are renting out for upwards of $1700 a month. It’s a three bedroom two bath 1600 square-foot house and a nice older suburb. My question is if I rent the house out for 1700 a month is that a good return on investment. I paid 8000 and closing cost