Rent for a 1450 sq ft townhouse in North Charleston?
Hello, looking for someone that knows the area to see if renting out our townhouse when we move next year makes sense. Currently in our gated community, the 3 bed 2 bath would need to bring in $1800 a month to cash flow (between the mortgage, hoa, taxes). Is that reasonable in this area? The two property managers I tried to talk to seemed to lose interest when I explained I wasn't renting yet but with 12 months probably. Comps are being sold right down the road for more than we bought for, so I am hesitant to hold onto a property with negative cash flow.
New to the site, thanks!
@Andrew Reitz $1,800 is probably about right for a gated community in the area. That's high on average for North Charleston, but you could get it. It mostly depends on the condition and the neighborhood.
