Worth to invest this house: $230K, ~1500SqtFeet, Rent: $1300-140

Is it worth to invest this house? Price: $230K, Area:~1500SqtFeet, Rental: $1300-1400/month 
(Located in North California) Here is my math:

DownPay: $60k, mortgage: $170K ===> $1150 (mortgage + insurance + Property tax)
Management Fee:                     $80
Utility:                            $70
Garbage:                            $50
=============================================
                                    $1350
Any comment?

Thanks. 

 

所有跟帖: 

Should I buy this house? $230K, ~1500SqtFeet, Rent: $1300-1400 -menmei- 给 menmei 发送悄悄话 (1074 bytes) () 09/25/2012 postreply 22:15:01

NO NO NO,算空置和维修,负现金流。 -SunshineInCA- 给 SunshineInCA 发送悄悄话 (35 bytes) () 09/25/2012 postreply 22:16:44

what about House price appreciation in future. -menmei- 给 menmei 发送悄悄话 (0 bytes) () 09/25/2012 postreply 22:21:07

What about if depreciation in the future? -梁山sl- 给 梁山sl 发送悄悄话 梁山sl 的博客首页 (0 bytes) () 09/25/2012 postreply 22:26:24

每月从你荷包里拿钱止血的事,能长久吗?除非你是大富豪。 -SunshineInCA- 给 SunshineInCA 发送悄悄话 (49 bytes) () 09/25/2012 postreply 22:26:59

2nd that. -Jeepster- 给 Jeepster 发送悄悄话 (0 bytes) () 09/26/2012 postreply 07:56:56

This house value is about $120k based on its rental income -riding_on_tiger- 给 riding_on_tiger 发送悄悄话 (0 bytes) () 09/26/2012 postreply 02:55:48

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