Mainly due to aggressive underwriting as apartment prices shot up and they started getting floating interest loans to make the numbers work.

- Condo prices I am thinking are in the 350k and below range.

Overview:Address: 3960 Pleasant Shade Dr, Atlanta GA 30340 (Have owned for since Nov 2016 and depreciating)Details: 3 bed 2.5 bath 1,847 square feet (None of the photos online are current)Principal Owed: $232,000Mortgage Rate: 3.375%Monthly Payment: $2,010 + $250 for landscaping and pest controlCurrent Rent $2,450 a monthProjected New Rent: $2,750-$3,000 a monthPotential sales price $450-500k. 

The prices I am being quoted are outrageously high.

But because of high prices and high rates most of the properties seem to be breakeven (at best), so this may be something to look into once rates decrease.

Gross Rent Multiple: Price/Annual rental income.

Again, I'm interested to see if ski towns outside of Colorado have seen the same dynamic with STRs where home price increases have outpaced stagnant STR revenue.

If interest rate goes down, price will go up, more demand.

Now you see why builders can't just give you a price/sq ft. 4.)

Purchase price: $350,000 Cash invested: $25,000 Second Property