Outlier Rental Property? 6BR/2BA 2800Sqft
Hello,
Looking for a little advice/input on a property I was somewhat intrigued by if not totally considering as a viable option. It is a 6br/2ba house with 2,812sqft. Asking price is $129,900. It is very nicely updated. With a finished basement, new kitchen, hardwood floors, new bathroom, etc. The issue is that I never see a house like this in the area. It's rare to see something over 4BR/2BA 2,000sqft. The 4BR would probably rent for $1,000-$1,100 with nice finishes in the area, maybe more. But do you think there would be a market for a tenant in a higher price range for this type of 6BR/2BA listing? Have you had any similar listings? In the college town next door to us I see 4BR houses renting for $1,400+ to students all the time, do you think I could pull that off being about 10-15 miles from the University? Any input or advice on what else to look for is appreciated. Would love to have this house in the portfolio if it could work financially.