- Much better than my last one....
- Purchase Price : $127,500
- 20% down = $25,550
- Mortgage = $102,000 @ 4.25%
- Mortgage payment = $746.00
- Rent = $1150
- 19% ROI
Great...other than a minor detail that might put this in the "shouldn't have done this" category.
Where in your analysis are taxes and insurance? Unless you don't have to pay either in the State of GA (unlikely), your ROI is actually much less than 19%.
The $746 includes taxes and insurance.
I agree that it's less than 19%..