I am looking to buy a 3 bed condo/TH in the Bethnay area/Reho, primarily as a rental property and occasional personal use.
I am currently looking at Bear Trap and Bayside at Bethany Lake. Which one offers a better rental opportunity and the reasons? I would like to get a comparison of a realistic/conservative estimate of rental collected in these two communities for a 3 bed condo/th. What will be a fair price to get a 3 bed condo/TH in these two communities under the current market condition based on recent sales? Are there other communities in Bethany comparable to these two that fit my description?
Hi James,
As a listing agent for a property working in a 2nd home and investment marketplace, if my listing has been previously rented, I make that rental history available to perspective purchasers.
If the home has not been previously used as a rental property, I will find comparable condos/townhomes in the same community to determine what the rental potential will be.
The listing agent agent for these units should have access to this information. Or if you have an ongoing relationship with your agent, she/he can get those income numbers on your behalf.
Good luck. Don't completely rule the Ocean City, Maryland market. There are some beautiful townhomes and condos that will generate a nice rate of return.
Whatever you decide, make sure you take the time to enjoy the property yourself!
My best. Monica
Hi James, If you are cunnently considering/looking in Bear Trap or Bayside at Bethany Lakes I am sure you have talked to or have a realtor so your questions should be addressed by your realtor.
Chris Kavanagh
Coldwell Banker Residential Brokerage
Bethany Beach, DE 19930
302-829-9068
chris@5starbeachhomes.com
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