EasyMoney_in_NC
New Contributor
So I often wondered (especially after some of the threads I was a part of on the RD board), what values are in other areas and how my area stacks up.
What I'd like to know (and please only those that are actually in it...for accuracy), is what does an average rental home A) cost B)what size and features (# of beds/bath/garage) C) age/condition D) rents for and would it cash flow at those values.
For instance in my area, the average rental house is: 1200 +/- sqft. 3 bed, 2 full baths and a garage. Average age is within 10 years old +/- . Prices these days for this house run $160K to $185K and rent these days run from $950-1100 and take from 1-3 months to rent (I can only guess on that one, mine rent usually within 30 days or less).
Larger homes here tend to take longer to rent than that small box. Everyone and their uncle is a Landlord around here, so I have to really be on my sales game and make sure I make the most of every contact with prospective renters.
I'd love to know how others have it around the country. I think this group is a bit more mature and not over run with newbies as apposed to the RD forum (I would never ask this there) and I look forward to the regulars chiming in on what they experience. I'd like to hear from those with rentals or that manage. I'd like to keep speculative talk out, I really want accurate pictures of the country, not what someone thinks is happening.
TIA
What I'd like to know (and please only those that are actually in it...for accuracy), is what does an average rental home A) cost B)what size and features (# of beds/bath/garage) C) age/condition D) rents for and would it cash flow at those values.
For instance in my area, the average rental house is: 1200 +/- sqft. 3 bed, 2 full baths and a garage. Average age is within 10 years old +/- . Prices these days for this house run $160K to $185K and rent these days run from $950-1100 and take from 1-3 months to rent (I can only guess on that one, mine rent usually within 30 days or less).
Larger homes here tend to take longer to rent than that small box. Everyone and their uncle is a Landlord around here, so I have to really be on my sales game and make sure I make the most of every contact with prospective renters.
I'd love to know how others have it around the country. I think this group is a bit more mature and not over run with newbies as apposed to the RD forum (I would never ask this there) and I look forward to the regulars chiming in on what they experience. I'd like to hear from those with rentals or that manage. I'd like to keep speculative talk out, I really want accurate pictures of the country, not what someone thinks is happening.
TIA
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