🏠📈 Real Estate Update 📉🏠Here's the latest market report from February 2024 (single family homes) 📊:🏡 Mortgage Rates:30-year conventional rate today is 6.97%30-year VA rate today is 6.55% 💵 Median Sales Price: $460,000📈 New Listings: 1,616📅 Median Days on Market Until Sale: 21📦 Months Supply of Inventory: 1.9🏎️ Formula 1 race weekend tickets for November 21-23 will be available starting March 25 at 10 a.m.

I am hesitant in doing so due to my low interest rate.  

Is it feasible to be cash positive considering the high interest rates?

I could move out and rent, but dont know where I would go to pay a lower monthly rate the I currently pay. 

Rent rates are about the same.

Thanks Joey, you can do a rate rate and term refinance up to 80% of the as-is value on your property.

Overlooking the finer details can result in negative reviews and lower booking rates.3.

  * Water- if you are not billing it back to the residents most utilities have a base rate then a usage charge over the base usage allowance. 

The average rent rate is $1,300/mo. 

That’s step 1. step 2 - contact a local commercial broker and ask what the avg cap rate is in the area for SS units. step 3 - use the cap rate the broker provided and the NOI from the docs the seller gave you.