works out to be about 5.3% yield after fees and rates...?
i'm trying to get my parents to look at this, keep us updated yeah?
Hmm, i had different figures
$240 - 8% PM fees = $220.8
$220.8 *52 weeks = $11,481
$11,481 - $2,000 fees and rates = $9,481
$9,481 / $225k = 4.21% net return
Is this right or am I missing something? Still seems like an average return, what is depreciation like coming from the reno? How old is the property?