Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

712
Posts
173
Votes
Joshua D.
  • Rental Property Investor
  • Pittsburgh, PA
173
Votes |
712
Posts

Rent or Sell this house? Here is the info about it.

Joshua D.
  • Rental Property Investor
  • Pittsburgh, PA
Posted

So we are just finishing up a beautiful house right now. Its a 3 bed/ 2.5 bath ranch style house with attached garage and detached garage in back both in wonderful shape.Fenced in yard with big above ground pool and porch around it.  Also putting a brand new back porch on the back. Roof still have 10-15 years left, new gas furnace, new ac unit central air. Everything in the house has been remodeled. Its a nicest property we will have. Great location and beautiful neighborhood. B neighborhood. My question is to sell it or rent it? Here are my numbers. Will have $55,000 into it. Could sell between $100,000-$150,000. Or rent between $1000-$1200. Here are more detailed numbers from BP rental calculator. If you need anymore info please let me know. I also have 7 SFH all together and a duplex. Im $140,000 in debt

NOI:  

$6,944.00

Cash on Cash ROI:

17.56%

Monthly Cashflow:
$439.09

Income-Expense Ratio (2% Rule):
1.96%

Total Initial Equity:
$94,000.00

Gross Rent Multiplier:
1.89

Debt Coverage Ratio:
4.15

Purchase Cap Rate:

27.78%

Pro Forma Cap Rate:
5.79%

  • Joshua D.
  • Most Popular Reply

    User Stats

    257
    Posts
    129
    Votes
    Doug Woodville
    • El Cerrito, CA
    129
    Votes |
    257
    Posts
    Doug Woodville
    • El Cerrito, CA
    Replied

    Selling price of $100-150k is a BIG swing it seems like. I'd personally want to know more about the ARV and what it could make before making that decision.

    Loading replies...

    1 2