Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
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

All Forum Posts by: Steve W

Steve W has started 1 posts and replied 1 times.

I am a first timer with rentals and I found a house that I want to "test the waters" with. The house is 60 years old, recently re-modeled, with nearly all new guts.

The numbers:

House is 50k, loan is 12 years with 5% interest. Payment is 460.00.

Taxes on this house is $306.17
Insurance is $574

Rent on the house is $575, with rentals in the area a bit higher than that, most all in the area are rented within 7 days.

Does this sound like a good first investment?