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Updated about 8 years ago on . Most recent reply

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11
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Jervin Justin
  • Dallas, TX
0
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11
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How to estimate potential rental income in an area

Jervin Justin
  • Dallas, TX
Posted

Hi everyone,

I'm very new to real estate investing, and am in the market for a rental property in Dallas (price range $250-300K). My primary fear is that we'll buy a house, and have it sit without a renter for a long time, or we end up barely covering mortgage.

In your experience, what has been the most reliable source of information for:

  • Average rent in the area
  • Typical vacancy periods

I've seen information on the standard real-estate websites like Trulia, but the ranges between websites vary quite a bit.

Thanks a lot for the help/advice, and apologies in advance if this question has been asked/answered in the past.

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