All Forum Posts by: Prashanth Suresh

Thank you @Benjamin Aaker  @Jonathan R McLaughlin  @Jon Kelly @Crystal Smith @Eliott Elias for your comments. 

I believe i was not clear when i mentioned 300k investment... it translates to 25% downpayment - 75k down. I am planning to go in with another friend to get this figure.

if i pick an example home  (https://www.redfin.com/NC/Rale...) that i can looking at. - principal interest $1,359+ hoa $101+ Homeowners' Insurance (116)
+ property management (8% of $2500 (potential rent) = 200$)  == $1776

If i get 2500 rent, for instance ... will have saving of $724  per month after expenses of  $1776 (11.5% cash on cash return.)

I believe i am not considering other factors like property managements charging 25-50% of the first months rent anytime they find a new tenant , any maintenance issues for the property and vacancy time.

I am not sure which areas can i expect a rent of $2500 in Texas / NC/ Arizona/Florida assuming i will be able to find an investment rental home for $300k.

I am looking to invest about 300k for a rental property in Texas/North Carolina with a steady rental income of 2500$ per month. Please let me know if this is a realistic number to chase. If so, please let me know areas, property managers who can help me with the same.

thank you.