Town home desirability

[Ben M.]

I am not ready to jump on a deal yet but have been analyzing properties for practice. I found this property at https://www.trulia.com/property/5034676902-6700-Ri...

It is a 2 bed 2 bath town home. Are town homes desirable as a rental property in Houston and is a 2 bed/2 bath an attractive combo?

This property seems to be in a low crime and good school rating location so seems to be a nice one... 

Would anyone consider a property like this?

[Fred Heller]

Townhouses are perfectly fine. They are way more attractive than a large apartment building. I would say they fall into the same area as a duplex. They are usually larger and feel more like a home than an apartment. Many of them also have a small yard.

My unsolicited but friendly advice is that this is not a great property for an investment. It popped up on my radar earlier this week but I dismissed it quickly. The average rent in the community is $1300, and there is a $175 monthly maintenance fee. At $135,000 purchase price, this just doesn't have the return my investor clients are looking for.

I just sold a townhouse to one of my investors just south of 1960 off Ella. It's 3BR/2.5 bath, 2 car garage, and backyard. Purchase price was $115,000. I just signed a tenant to a lease for $1400.