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Updated about 4 years ago,
3 bedroom 2 bath versus 3 bedroom 1 bath
I’ve decided to purchase my first rental property and I’m targeting a 3 bedroom, 2 bathroom single family house in a high growth, desirable area near me which has good schools. The market is booming and very tight in this area so there haven’t been many options, however a home that has 3 bedrooms and 1 bathroom just came on the market today.
I’m sure this varies by area, but generally how much of an impact does a 3 bedroom home having 1 bath instead of 2 baths typically have on rental rates and the ability to fill the unit? This house is in great condition, in a nice neighborhood close to downtown, and priced competitively. Having 1 bath is not ideal, but I’m worried if I pass this one up I may not find another option of this quality at this price.