Rental is on the market for two months now.

[Sachin Sharma]

Hello,

I would like to seek opinion from members on this board about my rental place that has been on the market for two months with very little to no traffic.

I understand that Dec and January are slowest of all months in the NE but having unequivocally very little traffic is discouraging. I had already dropped the rent twice but can't figure out why there has not been any interest so far in finding a qualified renter.

Here's the link to the listing.

 https://www.zillow.com/homedetails/33-Talbot-Ln-APT-3-Greenwich-CT-06830/57306528_zpid/?view=public

I appreciate your response.

Thanks!

[Jaysen Medhurst]

Hey, @Sachin Sharma, I was just at Byram Park with my kids on Sunday. Practically drove right by your place. 

I think you're a bit overpriced for Byram. It's frankly one of the least desirable parts of Greenwich (that's very relative, of course, because nearly all of Greenwich is lovely). You're right next to the highway (my wife and I passed on a Delavan Ave. house for this very reason) and you're a bit farther from the Port Chester station than most commuters want to walk. The rub is that close to the state line, so you're also competing with Port Chester rents.

Where and how are you marketing?

I see you just purchased the house in November. Did you buy this as a rental? If so, I'm curious to know why. You'll never cash flow with any kind of conventional financing in place. The discrepancy between rent and cost is just too out of whack in Greenwich.