Would a Landlord Investor be Interested in My PG County Listing?

Question

I've listed a great property in Temple Hills, MD and it was suggested to me that I see if any investors would be interested. I guess I am so used to reading so many posts about fix and flips that I hadn't considered a landlord being interested in a buy and hold for this property. I guess it's worth sharing, right? *shrugs*

This property is listed just under $365K, single family, move-in ready, 4 beds, 2.5 baths. I did some research and found where PG County's Housing Authority will pay up to $2,900 for a 4 bedroom under their voucher program (WOW!). Is there anyone willing to provide me some feedback on this property? I don't know if I can post too much in here without it needing to be in the market place... so I would love some feedback and advice first. I am available for private messages if necessary. Do investors buy listed, move-in ready, market value priced properties?

Thanks in advance for the feedback!

D'Aydra

Thomas S. · Answer

The rent is too low for a property of that value. It will not show any positive cash flow. Highly unlikely any investor would bite. Needs to be under 300K.

Russell Brazil · Answer

No one is paying Rockville level rents in Temple Hills. Housing authority will look at the actual rents in Temple Hills for a 4 br which are about 2,000.

At the price point of $365k, there are just too many other places in more desirable locations with stronger rents like College Park, Hyattsville, Silver Spring, Rockville.

Your target buyer is an owner occupant for this property and not an investor.

D'Aydra Allen · Answer

Thanks guys!! I didn't think so either but at least I asked!