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Updated over 6 years ago on .

Account Closed
  • Arlington, TX
2
Votes |
12
Posts

[Calc Review] Help me analyze deal - Rent Primary w Original Loan

Account Closed
  • Arlington, TX
Posted

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.

View report

*This link comes directly from our calculators, based on information input by the member who posted.