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Updated over 3 years ago on . Most recent reply

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Todd Stauffer
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Rent House Analysis

Todd Stauffer
Posted

I lived in a home for 10 years, then bought a new home, now I'm renting the first home. I invested 150K over the 10 years.  The home is in a great location and has accrued a tremendous amount of equity. I'm having trouble getting an accurate report being my criteria is different from analyzing a new rent house purchase and estimating its cash flow potential. I bought the home in 2010 for 234,000, and I invested 150K for improvement/add-ons. I owe 250,000 on the house; I'm confident I could sell the home for 900K, conservatively. The home is currently rented for 2,750, and the lease terminates next February. I'll renegotiate terms that I'm confident the home will bring 4K a month. Can I please speak to someone for some guidance on how to come up with an accurate report considering my circumstances? Or please advise me on how to enter my data into the system to give me an accurate analysis. Thank you.

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