Advice on a single family buy and hold

[Sanjeev Ayyar]

I’m looking at a single family house for $210k.

Rent is $1500 (we have rentals next to it that rent for this amount)

Prop mgmnt: $150

Mortgage, prop tax, insurance: $1275

Basically breaks even. Prop mgr will take 1/2 month rent for finding a tenant.

Return: basically the debt pay down about $1800. Down payment and associated buying costs: $55,000.

About: 3.3 percent. Appreciation has been 50 percent total over the last 12 years (not much)

Pro: prime area and always rented. Trust the prop Mgr. I have had rentals in this neighborhood for 12 years.