The applicant makes 1900$ monthly and will be responsible for 689$ from the entire rent. 

However, you would also need to increase rent by 4% for year 2 since the team builds in a 4% rent increase year two. 

Understand the rules and regulations of the area you're investing in and how you can rent.

Rent                $2,600/month as MTR                           Vac (5%)         -$130                                                                                                  Main. (5%)     -$130                                                                                        Insurance  $97Cap Ex (10%) -$260                                                                                                Taxes $240Utilities           -$175                                NOI                 $1,905                                                                                            PITI+PMI= $3,846Net Income as HH (aka our cost per month)= $1,905 - $3,846 = -$1,941      My wife and I essentially split $1,941/month to live in our duplex in one of our favorite neighborhoods.So you may ask, "What about your ROI?!"

Headline (total) inflation for the past month was negative, -0.1%.Core inflation (total inflation minus food and energy) was up only 0.065%, so it gets rounded to 0.1% increase.

The neighbor who is renting the house next door did move it across the street and two houses down from the property (about 200 ft away).

We’ve never rented it so it cannot be claimed as a rental in the sale.

You can look into a DSCR loan, however you will need to make sure the property can qualify with market rents.

You may be able to go up to 80-85% financing if the rent schedule can support the loan.  

I specialize in str Management And would be happy to go over your listing to help increase bookings.