Figuring rent amount

[Shawn G Hope]

Can you use the local fair market rent amounts to determine a good rental amount to charge? My local website shows the following Studio- $651 One BR- $793 Two BR-$1020 Three BR- $1484 Four BR- $1797 A quick look online for rents shows One BR- $600 to $895 Two BR- $850 to $2700 Three BR- $1100 to $1625 Four BR- $1350 to $2100 I understand some are in a little bit better neighborhood's, some are apartments and some are house's. The three and four bedroom's are house's. The 2 BR is a condominium with 1 bathroom for $2700. I also understand that anything is only worth what someone is willing to pay but to try and figure if buying a property is really a good investment would it be OK to use fair market or go more into finding the close rental rates?