Cash flow: Texas or Florida?

[Xing Wei]

Doing some research based on the latest data we collected from the market and wanted to share it with the community. 

If you are looking at the cash flow, you might find it helpful.

The first chart is data for Dallas, TX collected 7/25/2022. The monthly rent (with highest density) is $2184.40 and the monthly payment (with highest density) is $2231.23. The cash flow is negative.

The second char is data for Tampa, FL collected 7/25/2022. The monthly rent (with highest density) is $2356.72 and the monthly payment (with highest density) is $2311.56. There is around $40 cache flow. 

Note: 

1. The data we collected is 3b2b

2. The monthly payment calculation is based on:

  Interest rate: 6% (for 30 year fixed)

  Down payment: 20%

  Tax: 2.25% (dallas) vs 1.2% (tampa)

  Home insurance: $120 (dallas) vs $80(tampa)

[Xing Wei]

Quote from @Lucia Rushton:

@Xing Wei so what are your thoughts ? Where do you invest ?

Would probably wait for a further cool down of the market. The increasing rates is eating out all the cache flows.