Russell Brazil I have a three family. 700sf per floor. The rents are 2700 2800 2850. By august all the leases have increases to 2900 2900 2950. All pay their own heat and electric. I pay water and gas to heat the hot water.
$1500 a month. Two units bring that with no problem but we are in different markets. Most of mine are in SW Florida. I won't trade higher income for lousy winters:) I am now pulling in just shy of 170K a year on a dozen units. Of course, gross is not what REALLY matters. Net is the name of the game! I am sitting on just shy of 2M in RE and total debt is under 250K. So, I have a little cash flow:)
$3100 for a 4br/2.5ba 1,800 sq ft SFH in N Arlington, VA.
I could probably charge up to $3800 if I renovated the house (esp bathrooms and the kitchen), since it's in a highly sought after school district. I'll get around to it eventually, but it's a sweet deal for my millennial post-college tenants and low maintenance for me. Also, given the price of renovations in the DC area these days, it makes more sense for me to just buy another property.
@Russell Brazil Curious where and what kind of property your $2800/mo rental is?
$3100 for a 4br/2.5ba 1,800 sq ft SFH in N Arlington, VA.
I could probably charge up to $3800 if I renovated the house (esp bathrooms and the kitchen), since it's in a highly sought after school district. I'll get around to it eventually, but it's a sweet deal for my millennial post-college tenants and low maintenance for me. Also, given the price of renovations in the DC area these days, it makes more sense for me to just buy another property.
@Russell Brazil Curious where and what kind of property your $2800/mo rental is?