Evaluate the rental market of a neighborhood

[Mohammed A.]

Hello All

I was wondering if anybody can provide me some helpful tips to evaluate the rental market. By ‘rental market’, I am not referring to whole metropolitan area. I am talking about evaluating a neighborhood or small county in the metropolitan area.

I found townhouse in Maryland suburb (and 20 mile south of Baltimore) called Severn. When I am running numbers, it looks good on paper and supposed to be cash flowing. But I am not sure about the rental demand of the area. I am worried that it might be sitting in the market for rental for quite a long. Specially when I saw in Zillow rental there are 5 or 6 similar house in the same neighborhood advertised for rent and sitting over couple of months. Couple of them are even sitting out there for rent over 100 days.

Isn’t this something my agent should be able to help?

Thanks.

Mohammed.

[Russell Brazil]

If they are sitting over 100 dsays they are simply priced too high