[MindBomber]

Originally Posted by 4444

J
Calgary
70 or 80's 2 bed, 1 bath apartment is about $175K, would rent for $1,100 (this is from actuals a friend owns, and I've looked at Calgary - Edmonton is meant to be a better place to buy, but I just think its overpriced right now, and I just don't like the climate there for an investment)

Mortgage (interest only on full mortgage) = 437
Maintenance fee = $350-450 (snow removal makes this really high)
Property tax = $150 -200? around there
Insurance = $50
Contingency = $50
Total = $1,037 on the low side... so basically break even (loss if you consider vacancy rates, as you will have vacancy once in a while.

Could you provide a conservative cost break down similar to this for a rental property in Phoenix, please.