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Updated about 1 year ago on . Most recent reply

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Nick Detloff
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Rent est. over-under vs side-by-side duplex

Nick Detloff
Posted

I’m new to estimating rent. I’m looking at a couple of different duplexes. 

One is a side by side each unit having its own single car garage. The other is an over-under with no garages or covered parking. 

Looking to gain an understanding on (1) whether or not over/under units typically sell at less than side/side units and by what approximate percent less, and (2) is it smart to estimate less rent for units without a garage/covered parking? Approximately how much less?

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Ricardo Hidalgo
  • Real Estate Agent
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Ricardo Hidalgo
  • Real Estate Agent
Replied
Quote from @Nick Detloff:

I’m new to estimating rent. I’m looking at a couple of different duplexes. 

One is a side by side each unit having its own single car garage. The other is an over-under with no garages or covered parking. 

Looking to gain an understanding on (1) whether or not over/under units typically sell at less than side/side units and by what approximate percent less, and (2) is it smart to estimate less rent for units without a garage/covered parking? Approximately how much less?


 Did you pull rentals for similar size units and see a trend? a garage is definitely a plus and may help it rent better a little more income. It's all about cashflow and value for duplex or multi family. 

Calculate cash on cash return and how fast you will get your money back. Then pull comps from similar size dwelling .5 mile radius to be most accurate. 

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