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Updated over 6 years ago,
rent to value rate for a new construction in cordova area
I'm a first time remote investor here. As there are so many variables for an old house, I decided to look for a new construction. I believe a house similar to the zillow list here
https://www.zillow.com/homes/for_sale/2090922653_z...
$1500/month rental for a 192k new construction is about right? If so then the rental to value is 0.78%. It is low compared to rule of thumb 1%. But for a new construction the maintenance is much lower. Would you consider this a good or at least fair investment?
Thanks for your input.