How difficult is it to fill a small 4 bedroom?
Hello all,
I've been running the numbers on an attractive property in my area. It's close to downtown, and a major university in my city.
It's a duplex with a 4 bedroom and a 1 bedroom, and I plan on living in the 1, and renting out the 4 bedroom, or possibly filling in a spot in the 4 bedroom, if money is tight.
What I'm wondering is how can I account for vacancy with the 4 bedroom unit? Are 4 bedrooms hard to fill in student areas?
My expenses will probably be around $1450
The one bedroom rents at 600$, and I'm HOPING the 4 bed can fetch $1400~$1500. Does this seem reasonable?
All advice, and input is greatly appreciated