Updated over 1 year ago on . Most recent reply
Makes no sense to rent it out. Or does it?
On the east side, in Redmond, we are currently living in a property worth probably 1.6 with about 600K outstanding - and a monthly payment of about 4K including mortgage, insurance, property taxes etc.
Looking to leave the area.
Does it make sense to rent it out given that I’ll probably get 4K in rent?
I think it makes no sense since the 1M or so Invested in the stock market can bring me a better return - or I can put it down for my next house instead of selling stocks….
What am i missing?
If my hunch that it is correct why would anyone be renting out a single family home at all in this area where homes are worth 1.5M and rent is just 4K?