What is 1% rule for renting a house?

If the purchase price of the whole house is: 500K

The land is 200K, the house price is 300K?

The rent is 3K.

Then does it means: 3/300K=1%?

Thanks.

所有跟帖: 

5k/500k=1% -backchina888- 给 backchina888 发送悄悄话 backchina888 的博客首页 (0 bytes) () 02/03/2012 postreply 18:35:54

thanks! -Tianyazi- 给 Tianyazi 发送悄悄话 Tianyazi 的博客首页 (0 bytes) () 02/03/2012 postreply 19:14:06

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