Interest rates hovering in the 6%-7% range are higher than you’ve come to expect from the past decade, but they’re not outrageous (or even considered that high) from a broader historical perspective.

If historical rental data is unavailable, you can use the rate of appreciation in the area as a proxy, as rents tend to follow prices.

6% is historically low, who's to say rates will ever go lower (though I think they'll have to)?   

So if you plan to own and hold for 4 years, based on historical data, it seems like it could work out for you.

Prices don't always go up and I believe historical rates have averaged around 6-8%.

Due to county permits, the property being in a historic district, and delays on specific materials required by the historic board this job has been ongoing for the past 3-4 months.

A local realtor has a house in the historical district and before they put it on the MLS they offered it to me for 80K.

This particular build is part of a historic site, only because of the reason it was built for the Braniff Airlines company.

“historical district”..

I would look historically what they have been using and charge them a flat rate based off that.