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Updated about 1 year ago on . Most recent reply

User Stats

89
Posts
26
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Lilly Fang
26
Votes |
89
Posts

House with no drive way, will this deter tenants? 4bed/3bath

Lilly Fang
Posted

Newly built house, 460k, 4 bedroom, 3 bath, in California. The house is beautiful! This house price is super cheap. Builder's listing price is 529k, and past sale price history is like 510k or so. Houses in this community were sold super fast. Now no 4/3 available. I am still debating if I should cancel my contract due to the parking issue. Please see the picture of the site plan.There is no drive way. There are some unreserved parking. I think a family has at least 2 cars, which means they may want to park 1 car outside since usually, it's tight to fit two cars in a 2-car garage. This house won't be completed until 4/1. 

This is my first rental in such community. Some of my investor friends say renters don't care about the backyard; they only care about the house. Well, this one has a small site yard. However, I am worried about the parking situation will deter some tenants, or tenants will turn over more frequently. My carrying cost is $3000 a month, and the expected rent is $3000. Not easy to find a house in Ca to make it even, nevertheless a brand new house.

The circled one is a similar situation as my house.

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