Granted most of the buildings near me are "high rise".

id be happy to take a look I managed up to 13 airbnbs and I live in icon one of the largest Airbnb towers I have really good relationships and understanding of high rise in miami 

From job growth hotspots to the rise of remote work, we'll explore the key factors shaping housing demand across the country.Here's what you can expect to learn:💼 How a Strong (and Weak) Labor Market Impacts the Rental Landscape📈 Key Labor Trends Influencing Housing Demand Nationwide💻 The Rise of Remote Work and Its Influence on Residential and Commercial Real Estate🎯 Identifying Markets Poised for Growth Based on Employment Trends and Job Creation🗣️ Live Q&A SessionDon't miss the chance to have your questions answered during the live Q&A portion of the workshop.

My dilemma is that the accurate numbers are needed for me to submit a fair offer.The location does play a big role and it’s in south NJ where property prices are on the rise but not as much as northern and central NJ. 

With that being said, would the demographic I rent the 2-3 unit MFR be different from the demographic targeted by this massive rise in larger MFR (apartment complexes etc)? 

Its easy and cheap to insulate accessible locations like an attic and since heat rises and the sun beats down on your roof the attic insulation is probably your best bang for the buck when insulating.

For a $300,000 property, this could be $6,000 to $15,000.Mortgage on Rental Property:Loan Amount: $240,000 (assuming 80% financed at 4% interest over 30 years).Monthly Payment: Approximately $1,145.Other Expenses:Property Taxes: Estimated at 1.5% of property value annually ($4,500).Insurance: Estimated at $1,500 annually.Maintenance: Estimated at 1% of property value annually ($3,000).Property Management Fees: Assuming 10% of monthly rental income ($2,400 annually if rent is $2,000 per month).Vacancy and Turnover Costs: Estimated at 5% of annual rental income ($1,200).Total Initial Investment and Annual Operating ExpensesInitial Investment:Total Borrowed from Equity: $150,000Down Payment for Rental Property: $60,000Closing Costs for Rental Property: $10,500 (average)Total Initial Cash Outlay: $70,500 (initial investment from equity) + $10,500 (closing costs)Annual Operating Expenses:Property Taxes: $4,500Insurance: $1,500Maintenance: $3,000Property Management Fees: $2,400Vacancy and Turnover Costs: $1,200Total Operating Expenses: $12,600 annuallyExpected ReturnRental Income:Assuming $2,000 per month, annual rental income = $24,000.Net Operating Income (NOI):Annual Rental Income: $24,000Minus Annual Operating Expenses: $12,600NOI: $11,400Debt Service:Mortgage Payment on Rental Property: $1,145 per month, $13,740 annually.Total Debt Service: $13,740 (rental property) + $8,592 (equity loan) = $22,332 annually.Net Cash Flow:NOI: $11,400Minus Debt Service: $22,332Net Cash Flow: -$10,932 annually (negative cash flow initially due to high debt service).Cash-on-Cash ReturnInitial Cash Investment: $70,500Net Cash Flow (first year): -$10,932Cash-on-Cash Return: Not applicable initially due to negative cash flow.Long-Term Appreciation and AdjustmentsProperty Appreciation:Assuming a 3% annual appreciation, the property value could increase by $9,000 annually.Rent Increases:Assuming a 2% annual rent increase, rental income will rise, improving cash flow over time.

The last one I purchased was right at the peak in March of 2022 and when rates started to rise.

Using NOAA sea level rise forecast tool, even with a 10 foot increase (over 80 years) the property would be high and dry.

Feels like this buyer pool dried up recently with the interest rates rising?