[quote=paramount]
What is prevailing market? The zillow rent estimate?
Right now I’m 6% under market based on zillow.
[/quote]
Craiglist, minus seasonal adjustments due to availability…
For example, rent differential is +- $100/month for a 1/1 depending on if you’re trying to rent it out close to summer may/june/july or trying to rent it out in the winter… october/nov/dec..
(In MM, it also depends I guess on Qualcomm’s hiring mood :))
I dodged a bullet recently…Rented out my place at a time when the inventory was low and demand was higher due to a flux of new hires… Right now there’s more inventory on the market right now, though it’s still pretty tight…Price differential is about $100-$150/month right there….
[quote]
The reason the $100 is an issue is because the numbers don’t work.
I bought this property over 1 decade ago (early 03) – probably time to sell.
I owe 210k – I can probably get 310k.
Appreciation is slowing – the time may be right to sell while:
*Pricing strength still decent
*We’re in the selling season
*My carrying costs are up, now a liability[/quote]
How much did you pay for it (total)?
What’s your loan rate?, payments?
Assuming around $300k, 5% cash on cash for it isn’t terrible.
