The median household income in the US is $50K so if you retire now, maybe you can qualify for food stamps.

Unfortunately, households with a total income of $10/hr tend to be financially unstable with no financial cushion and regularly move jobs.

It also depends upon your setup, whether you are renting out just a bedroom or a full separate unit with a given number of bedrooms, since different areas of the island attract different household types/sizes, though there is good general rental demand across the board and across the island.Scott Price

As seen in the excerpt below from the DRE website, a "residential mortgage loan" is primarily for personal, family, or household use.

Generally the more median rental amounts $600-$1000 tend to not waiver much with market shifts because the lower income households cant afford anything more and can't get a loan as easily to buy a home.

This improvement suggests a growing buyer interest and possibly limited inventory, creating favorable conditions for quick turnovers.Toledo OH - RE Analysis (April 2024) - House Sales (1).pdfDemographics and Economic FactorsPopulation and Economic CharacteristicsPopulation Size: With a smaller population of 5,341, 43620 offers less competition in buying and selling, which is beneficial for flippers targeting niche market needs.Income Levels: The lower median household income ($27,442) suggests a demand for affordable, refurbished homes—ideal for flipping projects aimed at cost-sensitive buyers.Housing and Ownership TrendsRenter-Occupied Properties: A high percentage (68%) of renter-occupied properties indicates a transient population, potentially less targeted for flipping.

The fundamentals are job and household creations.

Also, Sheboygan has the most middle class households of any metro area in this study: https://www.pewresearch.org/fact-tank/2018/09/06/the-american-middle-class-is-stable-in-size-but-losing-ground-financially-to-upper-income-families/.Happy hunting!

Monthly pre-tax income for household 5.)

Hi Peter, no the 3X means their household income needs to be at least 3* of the asking rent.