Asked by Ark, 07093 • Sun Aug 25, 2013
We first time home owners looking to buy in Tenafly and we realize we might have to rent it out sometime in the future. We are looking at a 2-3 bed 1.5 -2 bath property single family house in the range of 400000-500000. Here are my questions?
Does an owner break- even with 20% down?
Should we look at some factors that would enhance rentablilty proximity to NYC transport or Schools?
East side vs west side( we will likely end up here)?
How does the rent get determined for single families? I see 3 bed 2 Bath combinations from 2450 -3300?
Lastly how long does a single family stay on the market an average before it rents?
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