Analyze My Property BPers

[Scot Sorenson]

Hey BP I wanted to throw what I have going on out there. I own a SFH right outside Minneapolis. I bought it in 2010 for 148K. Lived in it for 7 years. I put About $2500 into the kitchen. Put another 8K into putting a master bath in and about another 15K into finishing the basement. When all the work was done I have a 4bd 3 ba house. Moved to CO. I refinanced 2 years ago down to a 15 year (Before I Knew I was moving). So my current mortgage including taxes and insurance is $1246. I currently rent it out for $1900. Property Manager takes 1/2 months rent ($850) every time he places a tenant and $150 for renewals. He manages it monthly for $100 month. If he can fix something he will do it at no extra cost except the cost of materials. My city requires me to pay the city utilities and garbage which comes out to about $90 a month. So after utilities and mortgage I walk away with about $460 if nothing goes wrong. What do the BPers think about my current investment situation? Thanks in advance to the help everyone.