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Updated over 3 years ago on . Most recent reply

Account Closed
  • Investor
  • Colorado
8
Votes |
36
Posts

Comparing 3br house rent profit to 2 br townhouse................

Account Closed
  • Investor
  • Colorado
Posted

Let's say there is a 3BR/2BA house in the exact same neighborhood just a few streets down from a 2BR/2.5BA townhouse. 

The 3BR house is a single floor house with NO views. 

The townhouse has stairs (obviously since it is a townhouse) and this particular one has 3 flights of stairs but this townhouse has REALLY nice views on both the first floor and the master bedroom. Let's say both the properties are freshly renovated.

In general... is it safe to say the 3BR house will rent for 1+k/month MORE than the townhouse even though the townhouse has nice views and is a smaller in size?

I wonder because I hear most people do not like stairs (I love stairs guess I'm weird!) but perhaps for this reason (and liability reasons) it seems this townhouse would get significantly LESS rent profit per month than a 3br house and the fact that the townhouse is only 2BR?

I know this is difficult to access because I can't leave the property addresses here... but I am wondering just in general... to me it seems it would be a huge MISTAKE to choose a 2BR townhouse over a 2BR HOUSE when investing in rental properties?

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Rodney Sums
  • Laveen, AZ
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Rodney Sums
  • Laveen, AZ
Replied
Quote from @Account Closed:

Let's say there is a 3BR/2BA house in the exact same neighborhood just a few streets down from a 2BR/2.5BA townhouse. 

The 3BR house is a single floor house with NO views. 

The townhouse has stairs (obviously since it is a townhouse) and this particular one has 3 flights of stairs but this townhouse has REALLY nice views on both the first floor and the master bedroom. Let's say both the properties are freshly renovated.

In general... is it safe to say the 3BR house will rent for 1+k/month MORE than the townhouse even though the townhouse has nice views and is a smaller in size?

I wonder because I hear most people do not like stairs (I love stairs guess I'm weird!) but perhaps for this reason (and liability reasons) it seems this townhouse would get significantly LESS rent profit per month than a 3br house and the fact that the townhouse is only 2BR?

I know this is difficult to access because I can't leave the property addresses here... but I am wondering just in general... to me it seems it would be a huge MISTAKE to choose a 2BR townhouse over a 2BR HOUSE when investing in rental properties?


 FYI stairs don't make a property a townhouse.  Do a search on townhouse vs condo to get a full description.

It's not safe to say a 3br house will automatically rent specifically for 1k more than a 2br townhouse.  It depends on what house and townhome you're comparing.

More rent doesn't always mean more cash in your pocket.  You'll have to run the numbers and see which performs better.  

Choosing a townhouse over a detached home does not automatically make it a mistake.  Each has pros and cons over the other.  You'll make comparisons and run numbers to decide which is the better investment.

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