For the last rental property your purchased, how much did it cost, and how much rent did you charge?
April 28th, 2010 | 
Author: I’m looking to get rough rent/value ratios for various areas of the country.
I have found websites that display “average home price” and “average rent”, but that isn’t fair because most rentals are lower-end than purchases. I’m looking for an apples-to-apples comparison.
Please don’t include properties which you purchased significantly below market or invested a lot of money in improving.
–>Adam
P.S. I know I’ve qυеѕtіοnеd thіѕ before, bυt judging frοm thе responses, I qυеѕtіοnеd іt thе ill-treat way.
Posted in Rental Properties
There really isn’t sufficient information to give you an apples to apples comparative price value..
It changes everywhere in the USA…
I bought a 2-family house in Quincy, MA – 2 bedrooms each and I charged $1,200 for each apartment.
I bought a single family house in Hilton Head Island, SC – 3 bedroom and that is renting for $1,550….
On the average –
1 bedroom = $800-$1000
2 bedroom = $1000 – $1200
3 bedroom = $1200 – $1500
It depends on how many units are in the complicated or if it is a single family house.
Let me know if you need any more info.
Excellent luck,
James