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Updated over 1 year ago, 08/07/2023
How are the rents for investors in the Northern Virginia area ?
Hello Everyone!
I am looking to purchase my first investment property in Northern Virginia, my budget is 650k max. Cash flow is non existent for the properties i was looking at, my only option is to either house hack or rent out the whole place and hope to break even. With 20% down on a 650k property, the mortgage is looking to be around $2800 bucks. My question: is it even realistic to rent out a townhome for $3000 in falls church, Arlington area - either walkable or 2-3 miles from metro. I see on Zillow rentals, most of the townhomes around that price have been on there for a month or longer with no applicants. Hoping to know if any of you have been renting your properties at that price. Thanks!