$135,000 Sale Price-$160,000 Market Value
4 bed 2 bath home with a 2 car garage
$135,000 X 7% Interest Rate = $9,450 per year carrying cost + $3,550 Taxes & Misc =
$13,000 a year carrying cost or $1,083 per month
Rent should be between $1,300-$1,500 per month
$217 to $417 per month of positive cash flow per month
Sunday, December 28, 2008
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