Home Buying in 19053>Question Details

Sameer, Home Buyer in 19053

I am thinking of buying a townhome in upper holland area (19053) .. ridings of northampton community.

Asked by Sameer, 19053 Thu Jun 5, 2008

Wondering if this would be a good rental property? What rent could I expect - 3br, finished basement, 1 car gargage.

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Answers

4
Hello Sameer,

Great question. Even though this question is 4 months old. It's great to see that someone sees the great opportunities there can be in real estate. The numbers must work to cover your costs or at least most of them. Even if you couldn't cover the entire mortgage and say you had to pay $100 or $200 of your mortgage thats still ok. The point is to get it rented out. There are great deals to be had. You just have to be patient. I would also suggest that you get the financing taken care of before you hit the streets to search for your new investment. The last thing you want to happen is to find a great deal but lose out to some other buyer who already had their financing already in place. I work with investors all the time and know this area very well. I'd love to answer any further questions you may have. I hope this helps.

Renee Porsia
Associate Broker
RE/MAX ACTION REALTY
(215) 669-0589
(215) 358-1100
http://www.reneeporsia.com
Web Reference: http://www.reneeporsia.com
1 vote Thank Flag Link Sun Oct 19, 2008
Sameer, You might have already purchased your townhome. It is a good time to buy and rent it out because rents have gone up and prices are low. They are easy to rent .You should get rent in the range of $1500 to $1600.
Web Reference: http://www.gitabantwal.com
0 votes Thank Flag Link Wed Feb 18, 2009
Sameer,
the typical rent price for a townhome in that area is between $1,500 and $2,000 per month. Depending on how much you're paying for the property, you might barely break even. But if you want to see all available listings in Ridings of Northampton, please visit the following page on my website.

http://www.ephiladelphiarealestate.com/ridings-of-northampton.php

... and if you have any questions, please don't hesitate to contact me.

Best regards,

Russell Volk
0 votes Thank Flag Link Mon Oct 27, 2008
Great homes- very desirable. Most likely rent for $1800. It is only a good investment if you can cover al of your expenses. Would be happy to give you more information. Please vist my web site wwwI.risSegal.com - my cell is 267-474-7030
Iris Segal, Century 21 Alliance, e-mail address is iris@century21.com
Web Reference: http://www.IrisSegal.com
0 votes Thank Flag Link Fri Jun 6, 2008
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