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Got messaged by a C3 . ai recruiter. Read that wlb is bad and that the interview process is absurdly long, but the Glassdoor reviews are 4.2 and can't find actual hours worked posted by anyone. How's the culture really? I'd be aiming for DS consulting, something more functional but with DS/ML concepts as my differentiator.
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Any Property Management recs in Seattle area? :(
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Overall, anyone who bought in 2022 or older will have significantly more cashflow than anyone who bought in 2023. You may want to be more specific in what you’re trying to achieve here to compare apples to apples.
Mentor
House 1, bought in mid 2022. 15% down payment. Total rent coming in $2500, expenses approximately $1600, monthly profit $900. Profit margin is 36%. Cash on cash return for year 24.5%. Appreciation after a year, using the most conservative home value estimate 4%, using the least conservative 15%.
House 2, bought a couple of weeks ago (take with a grain of salt since almost all these number will be projections) . 3.5% down payment. Total projected rent $2400, total projected expenses $1450, total projected profit $950. Projected profit margin 39.5%. Projected cash on cash return 45.6%. Appreciation, I bought this house at a small discount compared to appraised value, so I guess a roughly15k gain.
What market are you in?
House 1:
Bought in Oct. 2019- $158,000, 3% down.
Lived in it for two year then refied to a 2.125%/ 15 year fixed . Currently renting for $1,950 on a $1,050 mortgage.
Current FMV is ~$200K
House 2:
Bought in 2021 for 99,500 at 10% down, 3.5% 30 year fixed. Personal use for a year, now renting for $1,200 on a ~$500 mortgage.