Both Buyer And Seller, Gilbert, AZ
Also, consider vacancy rates. My daughter is renting a comparable for $1300/month for the last year, but is looking for a better deal. The market is quite full of rentals and renters are getting picky about condition and amenities of the property and some owners are experiencing vacancy rates now that effecitvely lower their overall average monthly net, so you need to maintain an adequate cash reserve for maintenance, security, insurance, taxes, etc. if vacant.