Quote:
Originally Posted by CamBoss
300,000 USD is the fixed cost but you have to factor in taxes, fees, etc
I think anybody charging rent of 3k will have spent more than 300k on the unit and has heavy taxes and fees
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What utilities are paid can change the number quite a bit but 45-55% are lost to expenses on most rental properties.
1% gross rent is pretty good in a good neighborhood. It goes from 1/3% to about 2%. I get 2% on mine but then we hear gunshots now and then.