Returns from investing in rental properties in Hagerstown,MD

[Kanika Sharma]

Hello There! I am interested in knowing how your returns have been on investing in rental properties in Hagerstown MD. We have started looking into the area and have learnt there are properties under $40k and generating rent around $800. Has anyone had a similar experience and can share some information?

[Cristhian Huamani]

@Kanika Sharma On average, A half a duplex priced at $55,000 with 3beds 1 bath 1,200 sqft would rent for $850-$950 depending on condition. Obviously the returns are a no brainer. However, a lot of investors fail to analyze the holding cost. Most of these properties are near downtown and are over 100 years old, though in most cases they were updated at one point. This is why it is vital you do a home inspection during your due diligence period. You will be able to know what you are getting into and you can negotiate accordingly. 

If you have questions about investing in Hagerstown, feel free to reach out.