Non Owner Occ,SFR loan rates (July 2022) too high to cash flow?

[Joe Yobaccio]

I am getting both conventional and non QR rates for non owner occ, sfr rates of above 6 for amortized loans and 6.75-6.99 for interest only loans, all non owner occupied and with 1/3rd down.  Even with $3400 month rents in CA or $2600/mo rents ini TX, the cash flow is nearly gone.  The t ax, insurance, maintenance, prop management and the higher interest loan are not penciling.  I wanted to see what kind of rates you are seeing and where you had to hunt to get lenders who offered lower rates or if everything is tied to the FED rate hikes.

[Jack Mawer]

Joe, rates are rising and we should expect to see more of this after we hear from the new FED meeting today. I would expect to see rates in the 7's in the near future...