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Updated about 6 years ago, 09/10/2018
How much rent to charge?
We are prepping our first property to rent starting Oct. 1.
It is a SFH built in '45. 1200 sq feet on one floor, and 600 sq ft unfinished basement with washer/dryer hook ups. 2 bed, 1 bath.
The neighborhood is blue collar, about half are rentals.
There is a duplex property next door with a unit listed for $750. It is comparable in square footage but does not have the basement or washer/dryer hook ups, plus one of the bedrooms is upstairs (very narrow stairs and steep ceiling angles in that bedroom).
Ther also is a nearby duplex where both units are studio apartments. One of which is listed at $625.
We can rent at $750 like the one next door and will bring home a profit of $325 after expenses.
But I am wondering if the SFH should bring a little more than a duplex?
Thoughts?