Rate is 7% 2.

Inflation is worse than the govt portrays it and higher interest rates are bleeding away the money people spend on vacation.

7% rate is WAY TOO LOW for the risk your Mom takes.

Areas close to Rice have higher price points which can make qualifying a little more difficult, especially in today's interest rate environment.

Three years ago, my wife and I purchased a duplex with a 3.25% interest rate.

*Also due to my job, I should be able to take advantage of our processes and bookkeeping department at a highly discounted price. 

This is overpriced at a best in place 4% cap rate.

John A. most have a number of agents that scrub the MLS, then they plug the numbers to look at yield and/or cap rate.

Now more than ever it is important to really understand your numbers and the area you are buying -- that "accidental appreciation" that many of us rode in the last 5-8 years eroded with the higher rates, cost of entry, and renovation costs. 

Unlike an annual rental where the rent is locked in for a year, the prices and amount of vacancies have a high-rate fluctuation.If you do not live in the state than you may not be aware of SB 280.