Right Price?
Quick question: I just listed a property in Athens, GA for $103,000 that generates $11880 in rents a year. First off, what do you guys think of this price for the area? (Athens is a college town of about 100,000 in the city limits an hour away from Atlanta). Secondly, how does the rent/price ratio compare to properties where you are from? (just curious)
Seems low to me. Most likely these numbers are at best scenario. Without substantive appreciation or personal interest, make sure there are no looming issues if you do buy it in terms of maintenance, advertising, actual tenant rents, etc.
Good Investing