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Nesgroup address: misc.invest.real-estate - Date & Time for the message: Tue, 19 Jul 2005 12:11:34 -0400
/ Author of the message: dave |
Title of the message: |
general 'rule of thumb' for rental house/rental rate per month?
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Text of the message: |
I'd like to know the 'general rule of thumb' as to what percent of a homes' value it should be renting for per *month*? (*not* looking for precise dollar figures, just rental rate for a 'normal small to medium sized house in a normal residential neighborhood', =hopefully= based on some percentage what the home is presently worth). like for a 'plain jane everyday normal rental' type of house... isn't the formula "it should rent for one one-hundredth of its' present market value per month", or something like that? or am I WAY off on that? I do understand that a residential house 'is a good buy' IF it "can pay its own way" (meaning, i guess, it can be purchased for a sum that would 'cover' its mortgage payment, prop taxes, insurance, and occassional vacancies, correct?). if I have the last statement "more or less correct", does that assume a 30 yr mortgage, with a 'zero or minimumally-sized down payment' type situation? or? |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.