Quote:
Originally Posted by rustyp
The average price of a preowned patio villa in the Brownwood area per the TV market update flyer is $306K. Thus by Toymeister's rule of thumb it should rent for $4500 per month in that area.
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Hmm, you're a little light on mathematics today :-)). 1% would be 3,060, rounded to 3,100. Variables are cart or no cart and how you handle amenities, so 3,500 is possible . That is you could add amenities in or roll them in.
Five years ago you would to get one half of one percent, or 1,530. It varies with supply. 1% of market value is sustainable and profitable.