the market value of the home is 175,000.00 in area code 30144. what rental rate should we ask?How to compute home rental rates based on market value of property?
Bruce Williams has a formula that works like this, you figure that the rent should pay out the value of the home in 10 years so 10 years x 12 months would be 120 then divide the value $175,000 by 120 giving you $1458 per month.How to compute home rental rates based on market value of property?
Rental rate does not always exactly correlate to the market value of the house. Rather than the market value, you need to look at the newspaper house rental section and see what the houses of the same kind rent for in the same area (mainly the same school zone). It is all needs and supplies. You can also call a property management company and ask, too.
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