Investor · Queens, NY · Member since 2020 · 10 posts · 2 votes
Hi All! Wondering if you can help provide some insight on rents in Ardsley, NY. Potentially looking at a house hack, but struggling to find good rental data there, as well as the rest of Westchester county. Anyone on here with some landlord experience in this area?
Places I’m looking at would be a 2br and a 3br in Ardsley. Also considering some 2 br buildings in Dobbs Ferry, as well.
@Adam Rothstein you'll see a lot more rental data as you get closer to the water and a train station. If you're looking to house hack a single family by renting out the other bedrooms, then that may be a little more difficult to find rental comps since it's a less used strategy than house hacking a duplex, for example.
@Scott Wolf gave great advice and resources. Even going on Zillow to see what's up for rent should help give you an idea - just make sure you're comparing apples to apples.
@Adam Rothstein, rentometer is usually a good source. You can also look on craigslist and apartments.com for what apartments are listed for in the area. RE brokers are good sources for rental insight too(just discount the one who's trying to sell the property, as they tend to get a bit too optimistic in my experience.)
Thanks, Scott! Funny, I see you work for titlevest...back in my agent days, I used to do as many continuing ed courses hosted by you guys as I could, there was always a great lunch involved, haha!
@Adam Rothstein you'll see a lot more rental data as you get closer to the water and a train station. If you're looking to house hack a single family by renting out the other bedrooms, then that may be a little more difficult to find rental comps since it's a less used strategy than house hacking a duplex, for example.
@Scott Wolf gave great advice and resources. Even going on Zillow to see what's up for rent should help give you an idea - just make sure you're comparing apples to apples.
Thanks, Scott! Funny, I see you work for titlevest...back in my agent days, I used to do as many continuing ed courses hosted by you guys as I could, there was always a great lunch involved, haha!
Unfortunately, the classes are all virtual now, so no free lunch!
Thanks @Joe Aiola! Appreciate the insight. There’s been a lot more I’m finding in dobbs vs ardsley, but just guessing that means more inventory. Also the very low end in terms of where we are in the rental cycle, as well, which is complicating things. Just have seen such a wide range like bp insights estimates $4500/month as the median for a 3br in ardsley, for example, and rentometer has it at $2350, haha. The latter also shows 2br as being more than $100 more per month, which definitely can’t be right.