How do I project rents on a rental?

Asked by Jami, Queens, NY Wed May 22, 2013

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4
Marie Souza…, Agent, Centerville, MA
Fri Dec 6, 2013
Did you end up purchasing a rental property?
0 votes
Trevor Curran, Mortgage Broker Or Lender, Great Neck, NY
Fri Jun 28, 2013
Good morning Jami,

There are two methods for determining local market rentals for any given property. Your real estate agent should be able to provide you with comparables of recently rented units within close proximity of the home.

NYC HPD can also provide you with a list of acceptable Section 8 rental values.


Trevor Curran
NMLS #40140
Mobile: 516-582-9181
Office: 516-829-2900
Fax: 516-829-2944
PowerHouse Solutions, Inc.
1010 Northern Blvd. Suite 234
Great Neck NY 11021
Licensed Mortgage Banker – NYS Dept. of Financial Services
NMLS#3528

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0 votes
Anna M Brocco, Agent, Williston Park, NY
Fri May 24, 2013
Any local agent can provide comparables for similar area rentals....
0 votes
Marie Souza…, Agent, Centerville, MA
Thu May 23, 2013
Research what other rentals in your area are on the market for now & what have rented, at what price. Compare your size, location & features.
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