Quote:
Originally Posted by harryc
Ummm no. I was told of the 7.5% return for rental many many months ago when the sales office opened, it was one of the selling points.
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Out of curiousity, does that mean a million dollar unit would rent for a minimum of $6250 per month, or am I misunderstanding?
($1,000,000 * 7.5% / 12 months)
My gages might be off, but wouldn't a normal rent for a unit selling for nearly a million be around $4000 to $5000 per month?