2007-05-10 05:12:24 · 5 answers · asked by CJ 1 in Business & Finance ➔ Renting & Real Estate
Property in UK South East England
2007-05-10 05:47:16 · update #1
About 5% of the value of the property - assuming the tenant pays the council tax, etc. You can get more in some "good" areas. Maybe 8% if you property is worth over £3 million.
2007-05-10 09:44:11 · answer #1 · answered by Mike10613 6 · 0⤊ 0⤋
This obviously depends on which country you are living or making the investment. In the UK there are many underlying factors which help form the rental value of a property i.e. Proximity to amenities and is it commutable to work etc.
I would buy properties abroad and rent them out as holiday lets much better return for your investment. I used a company called New Shores International Real Estate they are very good.
http://www.newshores.co.uk
good luck
2007-05-10 05:38:44 · answer #2 · answered by Jeff V 2 · 0⤊ 0⤋
The calculation of RENT PRICE has nothing to do with the purchase price, value of house, mortgage, or interest rate on the loan.
The rent value is based upon rental prices in the neighborhood. It's supply and demand.
Right now, in San Antonio you can rent a house worth $180,000 (mtg payments about $1,775 with good credit) for about $1,400. Some of these (MANY actually) are brand new and have never been lived in.
2007-05-10 05:25:04 · answer #3 · answered by teran_realtor 7 · 0⤊ 0⤋
Wouldn't it be nice if it were that easy.
There is no formula from the renters prespective. From the owners prespective you need to cover your PITI, maintenance expense, management fees, utilities not paid by tenants and vacancy allowance to name a few. If your PITI is $1000 then you might charge 30% over or $1300 per month.
2007-05-10 05:22:28 · answer #4 · answered by edwardogden2000 3 · 0⤊ 0⤋
Rent is 1/100 of the property price per month. A $200,000 condo would rent for $2,000 per month.
2007-05-10 05:14:47 · answer #5 · answered by Anonymous · 0⤊ 1⤋