Assumptions For Renter Pricing Model

[Ben Shaikh]

Hey Guys!

I'm focusing on single family homes in the Brighton and Pittsford area because they have good schools and they tend to attract more white collar renters with higher credit scores. I need some help verifying some assumptions in my renter pricing model.

1. For non-owner occupied investment property, i'm finding interest rates with 20% down tend to average close to 5% ( 0.75% higher than owner occupied properties). Is that a good estimate?

2. What is a good estimate on investor home insurance for a 200K family home in monroe county. Currently, i'm estimating it at 1% of the price of the home.

3. Does anyone purchase a maintenance insurance policy for major appliances or major house items like furnace and water heater? If you do, what's a good ball park price? 

I would love to hear your thoughts and experiences.

Thanks,