Help pricing a rental

[Steve S.]

I'm looking at purchasing my parents' house outside of Waco, Tx and renting it.  The house was built in the late 70s and is about 1800 sq ft.  Seems going selling price is about $115,000.

Rents in the area for houses like this seem to be around $1,300 per month.

Any thoughts on the key things I'd need to think through to check the match on this property and if it's worth purchasing?

TIA

[David Hines]

Zillow is a notoriously inaccurate source of information. Find a local realtor to pull comps for you. Ask for both sales and rental comps.