Salisbury, MD Rental market ?

[Amar Amar]

Hello,

I am interested in investing in Salisbury, MD. Really appreciate some insight from the people own/familiar with the area and the general rental market. What would be the rent I can expect for their 3BR, 2BA , (1365 sq ft) new construction townhome? Thank you so much for your time/help.

[Chris Seveney]

Quote from @Amar Amar:

Quote from @Chris Seveney:

Quote from @Amar Amar:

Hello,

I am interested in investing in Salisbury, MD. Really appreciate some insight from the people own/familiar with the area and the general rental market. What would be the rent I can expect for their 3BR, 2BA , (1365 sq ft) new construction townhome? Thank you so much for your time/help.

 We looked into this area in the past and besides the college rentals it is not a great area to own rentals. THis was several years ago but most areas were C class tenants, high turnover. It looks like it will cashflow on paper but does it? that is the question. 

Times could have changed, but that is my honest opinion.

Thank you Chris for sharing your opinion. I will keep in mind.
I live in NoVA too, would love to connect.
What other areas do you recommend for investment surrounding NoVA? NoVA is overpriced, hence I don’t. I have invested in Frederick and Baltimore county. Any other areas to consider for a mix of cash flow n appreciation? I generally try to stay within A & B class areas. 

 RIght now I am not investing in NOVA. I have some properties in silver spring which have done really well. I am waiting right now for things to soften and will look to buy inside the beltway. While expensive, long term appreciation is my play even if initially I have slightly negative cash flow but have someone paying down my principal and most of my interest. Within 2-3 years I have had those turn cash flow positive and appreciated very nicely and this was also before the insane covid increases