285 views
Charlene Blevins
- 13 Helpful Answers
- 50 Answers
- 33 Listings
Locations:
Profile Link:
About:
I'm a full-service real estate broker covering the foothills and mountains of Western NC, from Lake James to Asheville, from Rutherfordton to the Blue
... show more
Charlene Blevins answered:
Hi, Vasquezabode!
Generally speaking, it's hard to go wrong with any Asheville zipcode (28801-28806)--and even some of the "suburbs" like Candler (28715) or Weaverville (28787) or Arden (28704) but the more important question is the purchase price of the house vs. the rental income value. Many investors think in this market that they can still get 1% of the purchase price as a monthly rental income: for instance, if you pay $100,000 for a property, you can rent it for $1000. per month. Even with the recent drop in prices, that's quite hard to do in this economy. It's very hard to do unless you're at the lowest end of the market here... meaning, if you can find a decent house for $80,000 (few and far between), *maybe* you can rent it for $800 a month, but that depends on location, neighborhood, size, condition, etc. This all depends on your math and what you need from it. If you'd like some help going further into the math and the market, call me!
Charlene Blevins, ERA Mountain View Properties, 828-527-2307
Generally speaking, it's hard to go wrong with any Asheville zipcode (28801-28806)--and even some of the "suburbs" like Candler (28715) or Weaverville (28787) or Arden (28704) but the more important question is the purchase price of the house vs. the rental income value. Many investors think in this market that they can still get 1% of the purchase price as a monthly rental income: for instance, if you pay $100,000 for a property, you can rent it for $1000. per month. Even with the recent drop in prices, that's quite hard to do in this economy. It's very hard to do unless you're at the lowest end of the market here... meaning, if you can find a decent house for $80,000 (few and far between), *maybe* you can rent it for $800 a month, but that depends on location, neighborhood, size, condition, etc. This all depends on your math and what you need from it. If you'd like some help going further into the math and the market, call me!
Charlene Blevins, ERA Mountain View Properties, 828-527-2307
|
MVPs or 'Most Valuable Players' are key Trulia Voices members who have been contributing high-quality content throughout 2008 and providing valuable advice to consumers and real estate professionals.
|
|
|
Founding members are a small number of participants who submitted content at launch of Trulia Voices to kick off community discussions.
|
|
|
Your question:
Max. 200 characters
Name:
Email:
|
|
Share profile
Contact Charlene Blevins
Charlene Blevins is a member of Trulia Voices:
Get the inside scoop on your area and home buying and selling.
Ask and answer questions about real estate.
Build your profile and contact home buyers, sellers and agents.
Report this profile
|
|
|
|
|||||||||||
|
|
|
|
|
|
Copyright © 2009
Trulia, Inc. All rights reserved. |
Fair Housing and Equal Opportunity
Fair Housing and Equal Opportunity
Help us improve our service—send us feedback