[rustyp]

Originally Posted by Toymeister

The ideal number for rentals is 1% of the home's value per month. In TV it is above 50% of that, but below .75%

You, the owner, can't disassociate your name from utilities billed by TV: amenities, water, sewer, taxes. You can market your rent at $xxxx + amenities to get it closer to 1%.

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.

Originally Posted by Toymeister

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.

My mistake - I rounded down (my option Vs yours) but the mistake was I interpreted the "above" 50% to 75% to be an add on (1.5x / 1.75x) not less than the going rate.