Updated over 11 years ago on . Most recent reply
Newbie Rental Analysis Needed!
Hi all,
Wondering if you could give me some feedback on these numbers. This will be my first rental so much advise would be appreciated!! This home is in a good area, right near several colleges - therefore it would be rented by college students:
Purchase Price - $150,000
Annual Rental - $31,020
Expenses (taxes, insurance, repairs, utilities, PM, etc.) - $16,544
NOI - $11,892
Annual Mortgage - $6,162
Cash ROI - 11.18%
Total ROI - 14.66%
What do you all think about these numbers? Does this seem like a good investment to you? Thanks in advance!!