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nicion · 07-03-2003, 01:19 AM

I would be very interested in a rental property in the $80-100k range which would consistently rent for $1500 / month. Rent (yearly) typically amounts to roughly 5% of the property value, so for an $80-100k place, don't expect the monthly rent to be much beyond $400. Note that this describes the situation in Australia, though I assume it would be very similar in the US.

What you describe is a return of between 18% and 22.5% - basically sounds too good to be true.

07-03-2003, 01:19 AM	#45 (permalink)
nicion Upright	I would be very interested in a rental property in the $80-100k range which would consistently rent for $1500 / month. Rent (yearly) typically amounts to roughly 5% of the property value, so for an $80-100k place, don't expect the monthly rent to be much beyond $400. Note that this describes the situation in Australia, though I assume it would be very similar in the US. What you describe is a return of between 18% and 22.5% - basically sounds too good to be true.