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Updated about 5 years ago,
Is this rental property worth investing ? I'm new
Found a property in Sparks NV. Desirable neighborhood with job growth. Decent school. 1376 SF built in 1986, 3 bed 2 bath 2 car garage for $315,000. 20% down $63,000. PITI $1,458 rent $1695 = $237/month. Cost of property manager $847.50/year just to get tenants in.
6 months old roof, vinyl plank waterproof floor, 4 years old blind. I do not anticipate any major repair. This will be my first rental. How do you do the math to see if this property is worth investing ?