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Let's do the simple arithmetic. Price of house today = $500K. Gross annual rent = ????

Supply me with the second number and I'll do the math for you. <grin>.

YOu keep ignoring the parts which are inconvenient to you.

I already told you: gross rent is $2850/mo. Here's I'll do the math for you ;) $34,200/yr

And you can't count the "value" as $500,000. As I've already said, my "terminal value" has to include the loss of taxes to the government (if I am to realize the cash and put it in a savings account) so I would see $400,000 after fees, commissions, and taxes.

You want to tell me where you're going to get $24,000 a year (my profit) on a bank account of $400,000 is? I would LOVE to have that information. You know of a bank paying 6% interest? Do tell.

Here's the listing, if you're interested. Rented at full price, no concessions. Had three offers, the first fell through when their income didn't check out (company wouldn't respond), two others came in at full ask.
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