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> At present, a lot of rental properties have a monthly payment that are equal to - or sometimes more - than mortgage payments for similar* offerings in the sam
by mhb 1y ago
> At present, a lot of rental properties have a monthly payment that are equal to - or sometimes more - than mortgage payments for similar* offerings in the same area.
A lot? Where? You'd expect investors to be backing up the trucks for these properties if that were true.
- worik 1y agoThere is a lot more to property I investments than mortgage rates
- mhb 1y agoNo doubt. But ceteris paribus, that is of primary interest to many investors. But maybe you can elaborate instead of making sphinx-like pronouncements.
- worik 1y ago> that is of primary interest to many investors Primary? For investors who know their stuff it is of significant interest. Prices are far more important (and house prices roughly follow demographics, so are dropping in many places)
- mhb 1y agoSwell. Can you tell me where all these properties are where the rent covers the mortgage payments? It would be even better if you could highlight the ones where the rent also covers insurance and taxes. Since there are plenty of the former, I'm sure the latter subset is also pretty easy to find.
- HaZeust 11mo ago- Miami - Tampa - Chicago - Detroit - Houston - Memphis - Cleveland - Birmingham - New Orleans - Pittsburgh - Indianapolis - Oklahoma City Zillow’s September 2024 analysis shows these metros have $150–$450/month lower mortgage payments than rents when you assume 20% down, or 7% on an FHA.