Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (10,000+)
Marty Sheckter Rent or Sell Condo Feedback Needed!
8 August 2024 | 3 replies
I put some numbers below into this Rent or Sell calculator.https://www.narpm.org/members/resources/rent-vs-sell-calculator/ESTIMATES ON ROI (15 year time frame)at 5% Appreciation would profit $100K if SELL nowat 6% Appreciation would have $3,500K more if KEEP and sell after 15 yearsat 7% Appreciation would profit 122K if KEEP and sell after 15 years(Assuming a conservative 6% ROI on money invested from sale.)NOTE: The property appreciated 10% in the last year so I’m thinking 7% over the next 10-15 is reasonable.DETAILSSale Value: $520,000 (Best guess)Paid: $437,000Original Mortgage: $415,000Mortgage Balance: $380,000Interest: 3.375%Monthly mortgage: $2,899Mortgage Difference: $1064Annual Taxes, Insurance, HOA etc**: $20,345**$13,865 (Non Homestead tax) $4,680 (HOA) $1,800 (Landlord Insurance)Monthly Rental Charge $3,500*Appreciation 7%Years to Hold: 15More assumptions used in ROI Estimates Above90% occupancy,15% capital gains charge6% selling feeRate of return on gains if selling now instead 6%Annual maintenance 1%Annual rent increase 4%$3,500 is slightly aggressive. unlikely I could get more.Thanks in advance for any constructive thoughts and comments!!!!
Harry Kniznik Rent or Sell my Condo Feedback Requested
8 August 2024 | 2 replies
I put some numbers below into this Rent or Sell calculator.https://www.narpm.org/members/resources/rent-vs-sell-calculator/ESTIMATES ON ROI (15 year time frame)at 5% Appreciation would profit $100K if SELL nowat 6% Appreciation would have $3,500K more if KEEP and sell after 15 yearsat 7% Appreciation would profit 122K if KEEP and sell after 15 years(Assuming a conservative 6% ROI on money invested from sale.)NOTE: The property appreciated 10% in the last year so I’m thinking 7% over the next 10-15 is reasonable.DETAILSSale Value: $520,000 (Best guess)Paid: $437,000Original Mortgage: $415,000Mortgage Balance: $380,000Interest: 3.375%Monthly mortgage: $2,899Mortgage Difference: $1064Annual Taxes, Insurance, HOA etc**: $20,345**$13,865 (Non Homestead tax) $4,680 (HOA) $1,800 (Landlord Insurance)Monthly Rental Charge $3,500*Appreciation 7%Years to Hold: 15More assumptions used in ROI Estimates Above90% occupancy,15% capital gains charge6% selling feeRate of return on gains if selling now instead 6%Annual maintenance 1%Annual rent increase 4%$3,500 is slightly aggressive. unlikely I could get more.Thanks in advance for any constructive thoughts and comments!!!!
Dennis S. New Investor - Cash vs. Leverage for Duplexes (US Market TBD)
10 August 2024 | 10 replies
On one hand, paying all cash minimizes risk and lets me reinvest profits quickly.
Nicholas Ludwiczak Making an offer on a self storage business
10 August 2024 | 10 replies
What are the industry benchmarks for storage unit profitability?
Ronald M Padilla In need of some help/direction on what to invest on next.
8 August 2024 | 4 replies
The rest have a combined worth of about 1.5 million but aren’t owned free and clear yet.All Properties are collecting rent and generate about $16,500 (profit) a month in Cash flow after mortgages/expenses.
Trevor Levine Lease or buy a commercial washer/dryer? Pros and cons?
8 August 2024 | 2 replies
I probably profit about $0.50/load based on my cost of water and electricity.
Brian J Allen Is There a Future in Build to Rent in Worcester?
8 August 2024 | 4 replies
This isn't always their initial plan, but it often turns out to be a profitable strategy.Several clients have considered buying condos to rent due to the lower maintenance requirements.
Jason V. Would you use a DSCR to scale today?
8 August 2024 | 4 replies
If that is not possible, then I would ask myself if the increased cost of capital to access the equity is worth the next deal's profits/benefits.
Connor McGinnis Financing an apartment complex
9 August 2024 | 9 replies
This allows my loan payments to be smaller and my properties to be more profitable.
Collin Hays VRBO and AIRBNB have met their match: Google Vacation Rentals
9 August 2024 | 25 replies
maybe Google just doing this like they did with Google Flights to leverage their negotiations for higher advertising dollars from VRBO/AIRBNB etc, like they did with Expedia/Hotels.com/United/Delta etc and they have no real interest in making it a discrete profit center but just a strong profit stimulant to their core advert business.buy more Google stock usually a winning formula last 20 years