k*******p
发帖数: 39 | 1 Hey, I want to invest in a single family house, but I have to pay $120
monthly HOA fee. It seems quite much. What is your inion?
Many thanks |
t******o
发帖数: 6493 | |
k*******p
发帖数: 39 | 3 The HOA is $120 per month, but most house is $250 HOA per year. |
m*****i
发帖数: 4342 | 4 It all depends on the rent. Does HOV include the lawn Care/Garbage
Collection?
So you need to take rent - HOA - Property tax(including home insurance) and
compare with the housing
price.
【在 k*******p 的大作中提到】
: Hey, I want to invest in a single family house, but I have to pay $120
: monthly HOA fee. It seems quite much. What is your inion?
: Many thanks
|
k*******p
发帖数: 39 | 5 Minncai,
Can you provide me some general rules you would like to use? Let us see the
rent is probably $1000, HOA is $120 including trash, lawn, snow removal,
club house, pool, exercise room, etc. the insurance is about $650 per year.
The house is about $150,000.
What do you think? Thank you very much! |
m*****i
发帖数: 4342 | 6 I imagine the property tax should be around 2,000/year(non homestead). So
your cost per month should be around $300/month. Your net is around 700 or 8
,400/year or 5.6%/year, You should expect some money for repair/replacement.
Very tight.
In our area, you should get 1,300 rent for the 150K townhouse.
How much did the house cost at the beginning to last year?
the
.
【在 k*******p 的大作中提到】
: Minncai,
: Can you provide me some general rules you would like to use? Let us see the
: rent is probably $1000, HOA is $120 including trash, lawn, snow removal,
: club house, pool, exercise room, etc. the insurance is about $650 per year.
: The house is about $150,000.
: What do you think? Thank you very much!
|
k*******p
发帖数: 39 | 7 The house should cost more like $180,000 or so. The rent should be somewhere
$1000 to $1300, I use the minimum $1000 to start from. You are right that
the property tax should be about $2000.
What do you think? |
k*******p
发帖数: 39 | 8 The zillow rent estimate is about $1530 for this house, pretty new house. |
m*****i
发帖数: 4342 | 9 Do more research about the rent! In my case, I need at least 8% return for
the net rent/house price(Not including the repair cost).
somewhere
【在 k*******p 的大作中提到】
: The house should cost more like $180,000 or so. The rent should be somewhere
: $1000 to $1300, I use the minimum $1000 to start from. You are right that
: the property tax should be about $2000.
: What do you think?
|
k*******p
发帖数: 39 | 10 Thank you Minncai. Any suggestion how to fairly determine the rent? Any
website or realtor information?
How do you roughly estimate the repair cost? |
|
|
s***7
发帖数: 1644 | 11 how come single family house has HOA fee? |
a****g
发帖数: 8131 | 12 it's common
【在 s***7 的大作中提到】
: how come single family house has HOA fee?
|
a******e
发帖数: 529 | 13 因为好多人都是找公司管理的，一般是从rent里面提成，
【在 s***7 的大作中提到】
: how come single family house has HOA fee?
|
K******S
发帖数: 10109 | 14 who told you that
【在 k*******p 的大作中提到】
: The HOA is $120 per month, but most house is $250 HOA per year.
|
K******S
发帖数: 10109 | 15 club house, pool, tennis court, gate, pavement/lawn/light maintenance etc.
【在 s***7 的大作中提到】
: how come single family house has HOA fee?
|
a********t
发帖数: 4508 | 16 买投资房最不需要关心的就是HOA。这只是芝麻。而且这个芝麻还是对property有好处
的。
房屋情况，租金，税等等才是西瓜。
你一两个月的房租就够一年的HOA了。。。。 |
