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Updated almost 10 years ago,
Current SFR deal analysis
Price=300k
Down=20%
Interest rate= 3%
30 yr fixed
P&I=$1012
Tax per month=$291
Insurance per month=$67
Total per month=$1370
The home is 4 bed/2.5bath 1800 sf
Built in 2005 so very low maintenance. Very rent friendly area, already ran the rent-o-meter comps with follow-up with craigslist and other sites.
Projected rent: $2000
Cash flow=$630
Sound good? Am I missing something?
Any input would be grateful!