Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on .

User Stats

409
Posts
362
Votes
Donald S.
  • Accountant
  • Saint Louis, MO
362
Votes |
409
Posts

Evaluating a Property with a Carriage House

Donald S.
  • Accountant
  • Saint Louis, MO
Posted

I'm looking at a deal that is 3 bed/2 bath but that includes a main house w/ 2&1 and a carriage house with 1&1, the property also has a 2 car detached garage. I understand using the BP calculators to help with determining numbers, just need some help on figuring out some of the inputs. 

My question is when determining comps and rent comps should I look at SFH that are 2/1 and SFH that are 1/1 and just combine the 2? I can tell rent is the area for a normal 2/1 SFH is ~850 a month for the house size and the quality it will be after I fix it. And rent for a 1/1 is ~ 400-500/month, so would I just combine the 2 and estimate 1250-1350, or go conservative at 1150, etc...? Anyone have experience renting a property like this?

Also when determine comps for ARV how should I determine comps if this is the only home in the area (and a large area) that has this type of setup? just find an 1100 sq ft house and 700 sq ft house and do some conservative combining again?

Any help would be greatly appreciated. 

Thanks, Donald