I plan on looking up what my truck is worth tomorrow on my day off.

Probably better to stay with the good deal, and move on looking for other good deals to invest wisely such as building my own homes as I am a (unlicensed) builder also.

thank you all...hi nigel and all,yes, I worked on looking at the fact that $1000 per month would be better off as a down payment on another property.

I've based these numbers on looking at what other properties are going to within the surrounding mile of our property.

So I've made a decent return on the appreciation, but it seems that at this point, the money could be better invested elsewhere.With everything that's going on in the market, where would you focus on looking for deals?

What cities are you primarily focusing on. Looks

Price 1% rule =desired rent164,9000.011649Des Moines, IA 50311price 164,900MIP 0%total closingclosing co 250002500monhrent 3,600.00repairs2000cosmetictotal cost171,944 Loans price 164,900Down % |downpay3298020%some 6 plex commercial territory am unfamiliar with, just practicing the numberstotal loan131,920 Money Needed =40,024MONTHLY ESPENSES Changes to price come on look at them #'sPAYMENT$573Paymenttax $239M insureH insuretaxinsurance $58058insurance 000vacancy1805%repairs2527%management36010%CapEx45012.50%utilities 43212.00%TOTAL$2,544must pay$1,302reserves $1,242 EVALUATIONMONTHLY INCOME =1,056.00YEARLY CASH FLOW=12672CASH ON CASH =31.66100%8%+ = good15%+ = amazingprice for good cash on cash =already good.

Thanks for the advice on looking around the surrounding areas, I will send you a PM if you don't mind talking more about good areas. 

J is spot on. Look

Congrats on looking at your 2nd property!