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Updated about 5 years ago on . Most recent reply

User Stats

34
Posts
4
Votes
Rich P.
  • Investor
  • Bay Area, CA
4
Votes |
34
Posts

Which markets offer <$200k price point with rents at least $600?

Rich P.
  • Investor
  • Bay Area, CA
Posted

Looking to get started and I want to start small in smaller B or C towns within neighboring states on West Coast. Not interested to invest in my home state of California. A maximum $200k price point provides an easy/attainable downpayment to just get in the game. 

I am specifically interested in Phoenix submarkets, Boise, Idaho Falls, SLC. Any other recommendations welcome. 

Can you still buy $100-200k investments in these markets and get $500-600/door a month at a minimum? If not these Cities, where do you recommend? I am looking for lower end. Not complete slumlord/meth houses, just something on the lower price point. 

Most Popular Reply

User Stats

41
Posts
21
Votes
Eric Mitchell
  • Investor
  • Idaho
21
Votes |
41
Posts
Eric Mitchell
  • Investor
  • Idaho
Replied

The Idaho Falls/SE Idaho area might be a great place for you at the <$200k price point you can usually find a pretty nice 3-4 bed 1-2 bath style home with about 1800-2000 sqft. At that you can rent from $900-1200 fairly easily depending on location/home condition.

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