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Colorado Springs Real Estate Forum

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Lynn Fletcher
Pro Member
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Realistic rental income?

Lynn Fletcher
Pro Member
Posted Jul 1 2018, 23:50

Hello all- I'm under contract to purchase a SFR investment property in the Northwind subdivision (Vickars/ Montarbor). It's a 3 bed 2.5 bath, 1500 sq ft finished (+ 450 unfinished basement for total of 1950 sq ft)) built 1997 with some upgrades. Would this property rent for $1800/ month? My realtor tells me this is no problem but it seems overly optimistic to me. I'm not finding much rental data on that size property in that area. I could also add a bedroom to the basement to make it a 4 bedroom -is $1900 realistic in this case?

I would be so grateful for your insights. 

Thank you. 

Lynn

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