Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago,

User Stats

12
Posts
3
Votes
Alan Duff
  • Investor
  • Knoxville, TN
3
Votes |
12
Posts

Computing rental amount

Alan Duff
  • Investor
  • Knoxville, TN
Posted

I'm a newbie working on my first deal. Looking at a duplex that is 2Br/1Ba. Craigslist yields $625 for a comparable unit in a stand alone duplex up to $775 for one with a fireplace and basement. Units in complexes in the area run from $660 to $724 for the same 2/1. Square footage is comparable for all.

The property I am looking at has a carport for each side as well as a sunroom on the back for each unit.  Fenced in back yard with divider fence.  One side is rented to a long term (10 years) tenant for $600 and the other side is vacant.  What should market rent be?

Thanks

Loading replies...