Updated almost 7 years ago on .
2bed 1bath SFR rental evaluation
I bought a duplex, 2/2 each side 7 yeara ago (FHA) lived in it for about two years then bought my 3/2 residence.
Planning to purchase a small property for grandparents to downsize in and rent. Property will become a rental when the time comes.
Need help on evaluating for a rental
2 bedroom, 1 bath 900 sqft
Purchase price: 65,000
Down: 20% (13,000)
Rent: 625-650/mo
Considering HELOC loan on one of my properties to hold onto down cash, or should I use cash for down?
Thanks