My mortgage is close to 1600 a month. Plus HOA fees on top of that.
I dont think rent being at that price range is always greedy landlords.
this post was submitted on 29 Apr 2025
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What's your interest rate? That plays a huge factor in what your monthly payments are.
Im at 5%
Look at what it would cost to rent a similar house in your area in terms of sq footage and location. Note a house not an apartment I shouldn't be surprised if its closer to $3500
I have the same mortgage and a property manager I talked to said my house would rent for $2300. Major American city.
Actually there's an influx of similar properties around here that are just asking for 1600ish per month.
Ya what market, sq footage and bedrooms?
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My own mother has been talking about leaving town and rather then selling her house, her plan is to rent the house out survive off the rent she collects.
on its own that wouldnt be outrageous, if it werent for the fact my mother is extremely irresponsible with money and her lifestyle and bad habits are essentially going to be paid for by someone else.
its opened my eyes on landlords.. a lot of them dont work, and they dont even do the minimum for their tenants. they just expect to get paid.
They now have services that are essentially landlord insurance where they will perform any service for you that needs to happen for a set price for low maintenance properties.
So someone is renting it out. It's all supply and demand?? I don't think landlord just leave their apartment empty unless someone comes with 1600 bucks rents.
In Denver here, it's hard to find apartment and 2 bed 2 bath close to boulder is 2500 bucks minimum. But people still want to stay close to boulder rather than living on cheaper town.