Quote:
Originally posted by motion
Folks, its still doable. There are areas out there that will give you modest cashflow on your rental property.
Here's what I'm working with in Albuquerque. Given today's market, I'm happy with the numbers.
SFR 3/2 2000 sq ft
Purchase price: $156,000
20% down
Loan: 6.875% for 30 years
Payment with prop taxes: $945
Rent: $1,100
Ya just have to find them 
|
Which part of Albuquerque? That seems a little low, I think we are getting high $900 for our 3/2 in an affordable community.
Michael