My son has the same set up (we pay for it all!) and we give him $300 a month. That is for gas, movies, and I am sure a few beer and pizza parties. We are in PA so I am sure the cost of living is higher in CA.
I think your right on the money depending on how much gas he uses to come home.... more
Any local agent can provide the information--if looking to sell, consider inviting a few local agents from different realty companies and ask for a cma, comparative market analysis; review the data, ask for opinions and establish a value.... more
Hello Florence. Any real estate agent can provide you with a list of all the homes that sold through the MLS in a particular zip code. This would be the easiest way for you to get the information quickly. The search does not take long and believe me it's not an imposition on the agent. I would go that route. I dont know of a website that would allow you to get a list of all the houses that sold in a particular zip code area.
You can also contact a title company and get the information. They'll get the information through the public records.... more
What's key is to make sure your rental income will cover your out-of-pocket costs. That includes the mortgage payment on the property, as well as taxes, insurance, maintenance, repairs and a vacancy rate of around 5%. (If you have five units, for example, you should expect at least one unit to be empty three months each year. Here's the math: 5 units times 12 months equals 60; 60 times .05 is 3.)... more