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Updated over 6 years ago on .
[Calc Review] Help me analyze deal - Rent Primary w Original Loan
Can anyone tell me if Im doing anything wrong here? Trying to analyze keeping my primary residence as rental this calculation was done as a scenario to keeping my current loan the way it is.
Purchased - $110,000
Down Payment - $5500
Taxes - $3999
Minimum Rent - $1500
Currently owe $89,000 and my payment is $1000
I can remove PMI by paying $7000 towards principal saving quite a bit off that as well.
Let me know if you need anything else.
Seems like worth keeping but curious what others think as I am new to this.
*This link comes directly from our calculators, based on information input by the member who posted.