The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: michael who wrote (28175)	3/15/2005 2:20:31 AM
From: John Vosilla	Read Replies (1) of 306849

That new house for rent on Wartbug Ct still shows DR Horton as the owner but several houses on the block show the new owner. Sales appear to be about $200 psf for smaller sized homes. Amazing to pay perhaps $250k-275k and hope to rent a 1400 sf home for $990/month in a market flooded with so much new product. That is a negative cash flow of roughly $600 to $750/month even putting 20% down, getting a 30 yr fixed rate and managing it yourself which could be a difficult task if the new owner still lives in the Bay Area given his phone contact number has an area code of 650. Further down the list is a brand new 2200 home far superior to this on with the rent reduced to $1100 leading me to believe the $990 might be high... sandgate.co.clark.nv.us

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