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All Forum Posts by: Joseph Ellengar

Joseph Ellengar has started 2 posts and replied 2 times.

Post: Zillow Rent Zestimate?

Joseph EllengarPosted
  • Posts 2
  • Votes 6

I looking at my first rental properties right now. Is the Zillow rent estimate a good metric? Zillow seems to substantially overestimate the value of my personal residence.

I'm in the greater Houston area.

Thanks.

I live in Houston. I own a small townhouse in the Houston metro (midtown) and am looking at purchasing my first rental properties. Cap rates are very poor in Houston proper. Huntsville seems good - it's a college area (Sam Houston State University) and I've seen a number of properties that look like I can get at least 1% of purchase price / month. Any opinions on this area? Would it be too difficult for me to manage a property that's an hour and a half drive away? My wife an I like the Huntsville area and wouldn't mind driving up there once a month.

Thanks.