My market has similar numbers for the same size home and the rents are closer to $1,400-$1,500 even in the better parts of town.Homes in this price range don't normally give you the most bang for your buy and hold buck as compared to lower priced homes.

Just saying that any fixed percentage being calculated will likely be inaccurate when compared to the actuals from the assessor.

Not a bad idea for an isolated lot or rural area though.I checked manufactured housing to compare costs of hooking up utilities, and it seemed like the plumbing/electric parts would be 10-15K in itself.

They depreciate and never appreciate over time as compared to RE.

How is your market doing compared to a year ago?

Comps are recent sales of comparable properties in the same area.

Compare rents in few houses in relation to number of rooms.

We are getting ready to purchase #47 this week (that's not many compared to some people here, but I'm pretty amazed every time I think about it).

Many had 10% equity to slightly underwater.When comparing renting, selling with an agent and getting full price with lease purchase, he agreed that we could present to all his agents!

I'm definitely wanting to take a little extra time and money to one-up comparable houses so I can have pride in my work, give someone a house they believe is more than what they should be able to afford, make people happy, and sell the house faster!