Question Details

	Username: BobM Rating: Asked to: Jacob Rogers Date Created: 28 Nov 2018
Category	28
Tag	Financial
Question	What is the 'One Percent Rule'?

Advice from Guru

Hi BobM,

The one percent rule is a rule of thumb used to determine if the monthly rent earned from a piece of investment property will exceed that property's monthly mortgage payment. The aim of the one percent rule is to have the rent be greater or equal to the mortgage payment, so the investor breaks even on the property at worst. The rule is used for quick estimation, as there are other costs associated with a piece of property that are not taken into account, such as upkeep, insurance and taxes.

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