What's the average mortgage payment where your STR's are located?

Question

Mine is $205. So about half of the properties with a mortgage would be below $205 a month.

Paul Sandhu · Answer

@Avery Carl $9,500 cash for the last 4 places. $13,500 for the 5th (it had 2 bathrooms). All were bank foreclosures. Google also says this is the worst town to live in Kansas, but it's been pretty good to me.

Marcello Di Gerlando · Answer

@Luke Carl mathematically speaking your area still has an average regardless of the data set. Doesn't look like the 'average' would be meaningful from the price ranges. In your case, I would probably look for the 'mode' which is the most frequent value in a data set.....But I'm not sure how that would be meaningful either. Just being a square.

Paul Sandhu · Answer

No. my kinds of tenants can't afford it. The best I've been able to do is put 8 guys in a 3 story house with 8 beds and charge $2000 a week.

John Underwood · Answer

I have 12k house that I have mage long term rentals.

Does any of your houses rent for $300 to $400/night?

Avery Carl · Answer

@Paul Sandhu didn't you pay like 10k cash for your places? I guarantee you are the richest person on this forum haha.

Paul Sandhu · Answer

@Luke Carl $150k would get you a 3BR on 30a here.

Luke Carl · Answer

@Paul Sandhu

No average in my areas. Purchase prices from 150k to 3 million on up to 10 million on 30a

What's the average mortgage payment where your STR's are located?

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