Rental value of house vs. apartment
How does the rent amount vary when compared between and house and an apartment? As in, which rents for more?
I'm looking at a SFH in a neighborhood that is made up of mostly apartment buildings, so all of my rent research is for the apartments and I'm not sure how to value what I am finding.
The apartments are mostly 1 bedroom or studio and are around 750 - 900 square feet. The house I am looking at is 2 bed 1 bath at 986 square feet, so they are pretty similar. The major difference is that the apartments have on-site amenities like pools and fitness rooms which are not available for the house, but the house has washer/dryer hook-ups that are not available at the apartments.
Trying to figure out a price point for an offer on the house for buy and hold.
Thanks.