Browse online for real estate properties and mortgage interest rates. Using the example tool from class, run the numbers on what the time to make a profit looks like for at least three different properties and the mortgage conditions you identified. Try to be realistic also with sales price of the property in terms of data you find on how property value increases over time.
Remember to cite clearly all your sources and report your numerical findings clearly.
Many rental websites (such as zumper.com) show statistics on the rent trends in the neighborhoods of the properties that are listed as available rentals. Poke around websites to get an idea of what would be a realistic rent increase rate for the neighborhood of your chosen real estate from the basic stage of this assessment and examine how changes in the rate of increase of the rent and the initial rent affect the point at which your monthly balance from being a landlord becomes profitable.
Document the investigation (citing all sources) and make either a data table or a data visualization (with the tool of your choice, even by hand) to illustrate your findings.
Read about how to calculate return on investment (ROI) for real estate. Report your findings in writing and discuss particularly what would need to be changed (added, modified, removed) from the in-class example tool for you to be able to determine whether to invest in real estate and what rent to charge.
Remember to clearly cite your sources.
How about building a new duplex, living on one unit and renting out the other one? How would such an arrangement affect the mortgage terms and the taxation? Investigate and write down if and how the calculations of our model would have to be adjusted to accomodate this scenario.
Would it be very different for purchasing and renovating an even larger multi-unit building? Can conclusions made from one scenario extend to another without becoming fully invalid?