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Updated almost 6 years ago on . Most recent reply
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[Calc Review] Help me analyze this deal.
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@Robert Burris Not enough meat on the bone for me. I also think the sweet spot for a rental in a B to A- area in Wichita is around $750-$950. You can get that in rent on a 40kish property in a C+ area. Our real estate doesn’t appreciate all that much here, even in A areas, my main focus would be cashflow with a little appreciation hope sprinkled in. $1050 a month is too much for most, you want to find an equilibrium price where supply and demand meet for max profit. That is more than my mortgage on a $130,000 house.