The simple rental property price of your real estate worth in the housing markets, is can be easily sourced by getting a free quote by agent. An agent can outsource your home and compare the price for rental on the demand and supply for renters.
Another way to get what your price of your real estate may be worth is to purchase the daily newspaper on days that are have home contents outlets and properties for sale. The lists of real estate prices and people who seek a rental property unit. There are also real estate domains sites that may interests you in purchasing properties but you haven't yet thought about searching for it.
My easy formula as to how much you can except to rental property is worth on the market.Your real estate property is worth or and estimate median area price value
If your real estate property is worth $463,000 dollars on the market you can simple take the zeros out and convert it into $463k. this would then be the expected median price for passive rental income for the week that a willing renter would pay for.
Rental income
$463 pw x 52 weeks = $24, 076 pa
Loan repayment on $416, 700 @ 7% = $29, 169 pa
Loaner weight on repayments -$5,093.00 pa
$97.94 dollar per week on investment property for 30 years
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