Overland Park Rental

[Imtiaz Koujalgi]

Hi,

I am new to the Overland Park market, but it looked interesting since the price points looked competitive vs. other markets in the country. I am interested in buying properties and then renting them out, preferably 2 bed 2 bath condo type units, and wanted help from the community on a few questions I had:

1) Is there enough rental demand? I see that in Overland Park almost 70% of the houses are occupied by owners, so does that make renting a condo a bit hard?

2) What would the average rent for a 2 bed / 2 bath be? I am thinking of a unit like this below, so any data points on market rent would be helpful:

https://www.realtor.com/reales...

Thanks.

[Brendon Pishny]

@Imtiaz Koujalgi

I'm very familiar with this market. I invest in Overland Park as well as the surrounding areas. I would think a unit like this should rent for at least $1400-1500. The only problems I have with condos is the HOA fees can get quite high. The benefit is less maintenance but be ready for smaller monthly cash flow. There are plenty of renters. I've never had a property sit longer than a week or so. Hope this info helps.