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Updated 8 months ago on . Most recent reply

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9
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Michael Lamb
  • New to Real Estate
  • Cleveland, OH
6
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9
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How to Determine Market Rent

Michael Lamb
  • New to Real Estate
  • Cleveland, OH
Posted

I am looking at purchasing a duplex in Twinsburg, OH, as a primary residence.  I plan on living in one side while renting the other side, so I can take advantage of putting 5% down.  My goal is to move out after a year and be able to cash flow once both sides are rented.  My problem is being able to determine what I will be able to rent each side of the duplex for.  

I can't find comps in the area to get a good feel for rental rates. I have a Rentometer account, but it isn't pulling good comps either. I am new to REI, so I don't have a good agent to get numbers from and I don't have any Property Management contacts to talk to.

Does anyone know where I can go, to get a feel for what I could rent a (3) bed, (1-1/2) bath, 1,200 sqft duplex in Twinsburg, OH for?

I appreciate any guidance you could provide.

  • Michael Lamb
  • Most Popular Reply

    User Stats

    1,834
    Posts
    1,109
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    Adam Bartomeo
    • Real Estate Broker
    • Cape Coral, FL
    1,109
    Votes |
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    Posts
    Adam Bartomeo
    • Real Estate Broker
    • Cape Coral, FL
    Replied

    If you don't have contacts, then pick up the phone and start dialing. Call PM's to get an idea of what they would rent it for.

    business profile image
    Bartomeo Property Management
    4.7 stars
    104 Reviews

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