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cougjunkie · 01-01-2007, 05:52 AM

Rental properties in my neighborhood are going for about 1400-1500 a month. IF you got in when they first started building the subdivision your loan amount is about 220k. So you may have about 100 a month out of pocket, which is not to bad. Most rental properties do not cash flow at first. Unless you do rent by the room to students and things like that.

My buddy owns a condo in Orem right by UVSC. It is 4 bedrooms, 2 large bedrooms 2 smaller ones. He puts 2 girls in each of the large rooms and 1 in each of the small ones. 300 each for a shared room, and 350 each for a private room.

It has been rented for 3 straight years now and he bought it for 150k. His payment is about 1000 and he makes about 1900 on it. This is pretty rare, but when you rent by the room you have a better chance of having it cash flow.

01-01-2007, 05:52 AM	#7
cougjunkie Senior Member Join Date: Jan 2006 Location: Utah Posts: 5,741	Rental properties in my neighborhood are going for about 1400-1500 a month. IF you got in when they first started building the subdivision your loan amount is about 220k. So you may have about 100 a month out of pocket, which is not to bad. Most rental properties do not cash flow at first. Unless you do rent by the room to students and things like that. My buddy owns a condo in Orem right by UVSC. It is 4 bedrooms, 2 large bedrooms 2 smaller ones. He puts 2 girls in each of the large rooms and 1 in each of the small ones. 300 each for a shared room, and 350 each for a private room. It has been rented for 3 straight years now and he bought it for 150k. His payment is about 1000 and he makes about 1900 on it. This is pretty rare, but when you rent by the room you have a better chance of having it cash flow. __________________ LINCECUM!