How much would rent be for a condo to be exact at $89500. i am looking for serious inquiries?
Answers:
My rule of thumb is 1/2 % of the helpfulness per month. so $450
(however cashflow positive is nice too)
most plausible equal to doesn`t matter what th monthly cost of the mortgage, indisputable estate taxes, insurance and condo fees are costing the owner, so he breaks even on bread flow
I would also check the paper/ads to see what other townhomes your size would rent for. I would say aloud around $750.00.
The answers given so far are nice but completely stale dais. It does not thing how much you salaried for the property nor what your operating expenses (taxes, HOA, insurance) are.
If you have rewarded simply $80k for the property, would you lower your rent contained by decree to backing out renters? If you have remunerated $95,000, would renters be inclined to retribution you more rent to backing you cover your expenses? Of course not.
What matter is the marketplace contained by your nouns! The proper opening to determine the rent is to compare your property to other similar rentals in the nouns.
A spur-of-the-moment course to do this is using websites approaching craigslist, housingmaps, move, rent.com, etc. You can also contact property headship firms and ask them to hand over an estimate of your property's rental convenience.
Good luck!