Updated about 10 years ago on . Most recent reply
General hold or sell question
I'm having conflicted feelings on a rental property I own and would love your input.
The property is in Santa Cruz, CA, where the rental demand is high. The following numbers are actual's
Purchase Price - $680,000 Down Payment $25,000 Monthly Rent - $4,700 Mortgage - $3,415 Annual Expenses - $5,000 (rounded up) NOI - $51,400 Cap - 7.58% DCR - 1.25
To be in tip top shape the house probably needs $25-$50k in work.
Any comments are greatly appreciated.