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Updated over 12 years ago on . Most recent reply

Edita D.'s profile image
Edita D.'s profile image
Edita D.
  • Investor
  • from San Diego, CA
  • Member since Mar 24, 2012
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Edita D.'s profile image
Edita D.'s profile image
Edita D.
  • Investor
  • from San Diego, CA
  • Member since Mar 24, 2012
Connect
Edita D.
  • Investor
  • San Diego, CA
18
Votes |
309
Posts
Buying & Selling Real Estate

Average days on market before unit gets rented?

Edita D.
  • Investor
  • San Diego, CA
Posted

Hey guys!
I am looking at purchasing a duplex close to a UNIVERSITY. Purchase price 109000, total rents 1350$/month. 250$/month cashflow after all operating expenses.

1. According to my realtor, average days on market before the property gets rented is 45

2.According to neighborhoodscout.com, the area has a high vacancy rate of 14%!!!

14%??? I am concerned about these numbers... Do you guys pay attention to the vacancy rate? Should i be concerned?

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