I guess thats 5 cents, not 4...Sounds like 25 cents a foot to me, but they told me there wouldn't be any math.

Many investors are too short-sighted to do this math and fail to understand that it's often foolish to focus soley on top-of-the-market rent as it can actually be more profitable to accept less than max rent to keep a good, stable tenant.

You mentioned it was 3% interest only however the math calculates to a payment of around $3950 a month if it is amortized at 3% and 30 years starting with a unpaid principal balance of $937,000.  

also - run the math on a solid BRRRR around the median price point in Columbus and you'll see that 30-40K is not enough. 

@Keith CuddebackShould be able to see the recorded mortgage in public records and then do a little math/guessing to figure out aprx where they’re at.Otherwise, your buyer agent could call listing agent and ask.More than likely, it’s just going to come down to the price a seller is willing to sell for…and any educated seller wouldn’t sell for less than market value in this market.

Is my math correct?

This is simple math to figure out when they become destitute unless they change their cash flow.  

The math that jumped out at me was -$1200/mo vs +$600. 

You gotta do the math for your situation.

Do some math.