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Austin Bright
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How to find rent comps

Austin Bright
Posted Jan 14 2020, 14:20

What's the best way to find rent comps in DFW? Contacting a real estate agent for a CMA for each and every property can get cumbersome.

Also, I'm finding it very difficult to find a 3bd 2bd SFH (or any SFH) that will rent profitably given I'm financing through an FHA loan (3.5% down). Looking at a price range of 150-200k, I'd need rent to be ~$2000. (I'm accounting for PITI, utilities, vacancy, property management. Mtx, repairs, capex). It's easy to meet this target with a duplex, given I can rent each side for $1000-$1200. But duplexes seem rather rare.

Any advice for find good comps for SFHs? Any other investors financing through an FHA loan have this issue?

Thanks!

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