Owning or Renting a House
The answer to the age old questions is… BOTH!
You should own your home AND rent it out using a professional property management company!
Hint: Call Real Property Management Rio Grande… 505-292-4765 https://www.rpmriogrande.com
Simple math hypothetical example (all numbers for example only):
THE NUMBERS KEEP GETTING BETTER EVERY MONTH!
- 200,000 home in Albuquerque
- 40000 down payment
- monthly payment on 30 year mortgage at 4.0%
- 300 taxes and insurance
- Rent is 1500
- Property Management Fees are 165 per month.
- expenses for the property (repairs, maintenance, replacements) are 1700 per year
- your cash flow goes from $129 per month to $350 per month over the first 5 years.
But when including principle payment, home appreciation, and tax benefits, the return exceeds 20% per year … and this gets better year after year and gets better with inflation!
Enter your data on this calculator. We can walk you through finding your return and the best investment
https://www.calculator.net/rental-property-calculator.html
Should you rent or own? Rent out the house you own and make great returns with Real Property Management, Rio Grande. After you see the benefits of working with us, you’ll want to rent or own multiple properties with us!
Mark Webb, Owner
Real Property Management Rio Grande
www.rpmriogrande.com
O: 505-292-4765
Property Management Albuquerque