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November 15, 2007
Rental question
I am beginning to start looking to purchase a house. I am mostly looking at two family homes in order to have some rental income to help with a mortgage... I looked at something recently that would require a good deal of work but is very large.
My question is what kind of rental price do you think a 3 bedroom (one small two large bedrooms) in windsor terrace approximately 1300 sq feet would go for. I plan to do some renovations...new bathroom and kitchen (not super high end but all new appliances etc) painting and refinishing wood floors. Thanks
Comments
It really depends where in WT the rental is. It may seem like only a block or two but there is a big difference in a rental demand at the south ends of WT vs. the north ends.
Posted by: Mrs. Limestone at November 15, 2007 3:48 PM
Wild guess: $2500/month?
Posted by: guest at November 15, 2007 4:04 PM
Check similar properties on craigslist.
Posted by: CrownGardener at November 15, 2007 4:17 PM
Just wanted to add that I didn't see a 2 bedroom in good shape for less than $2800 on the prime blocks..so I imagine a large 3 bedroom would go for more.
Posted by: Mrs. Limestone at November 15, 2007 4:35 PM
OP here: To give you all a little more info, the house is a block from the Fort Hamilton F train and 2 blocks from the park (on the park side of the prospect expressway not the cemetery side).
Thanks for all the response!
Posted by: katiem633 at November 15, 2007 4:42 PM
I live in WT, and I think that it could go for $2200 to $2400.
Posted by: bren at November 15, 2007 5:15 PM
best site ever http://www.rentometer.com/ to know if you are under or over charging : ).
Posted by: armchairwarrior at November 15, 2007 9:39 PM
we're about to take a lease 1.5 blocks down from the 15th st/prospect park corner, on 18th st. The unit sounds the same as yours in size, at $2800 per month. I thought that was a decent deal.
I wouldn't pay that to live near ocean parkway, however. The attraction of WT is at the top of the hill, not the bottom.
Posted by: guest at November 16, 2007 2:01 PM
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