Home Buying in Braintree>Question Details

Scottballet, Home Buyer in 01824

Royal Lake Condo Rental - Braintree. I am looking at a 3 bedroom (1500'), 2 bath condo to purchase as an investment.

Asked by Scottballet, 01824 Sat Jul 13, 2013

Would anyone know what the rental amount for such a condo would be?

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I would contact a local real estate rental professional to help with this answer and to save time and money.
(I'm on the Cape, but I can help you choose a local pro if you want help doing so.)

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0 votes Thank Flag Link Mon Jul 15, 2013
Hi Scott,
The last rental unit showing in MLS as "rented" on Royal Lake Drive was lasst October. It rented for $1,600. As you probably know, the rental market has been very strong, so it's been a great time for investors.
We work with several loan officers who will pre-qualify you at no cost, if have not yet taken that step. I would be happy to send you their information.
The search option on my website is tied to the Multiple Listing Service. You can search and save properties at http://www.MovingSouthofBoston.com. Please contact us if you have any questions or if we can be of assistance.

All the best,
Suzanne Sarhanis
James Sarhanis

0 votes Thank Flag Link Sat Jul 13, 2013
Hi Scott,

the rental income will depend as there are a few variables to consider but to give you a ball park from other similar rented units in the complex it could be 1500-1800 (there was a recent 3bdr rental for 1600 as well as a 2bd for for 1750). Talk to your buyer's agent to assist you with the purchase and rental, if you do not have one talk to a few, it does not cost you anything, and pick on that you like. If we can be of assistance let us know
Web Reference: http://wenrealty.com
0 votes Thank Flag Link Sat Jul 13, 2013
Good Evening,
There are many factors that go into determining the market rental. The condition of the property and upgrades done etc. Have your Realtor look at the property and give their opinion. If you don't have a Realtor, I'd be happy to help.
Kim DeGust
Coughlin &Co
0 votes Thank Flag Link Sat Jul 13, 2013
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