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How do you calculate rent on a property that has no mortgage owed?

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This house is worth 113,000.00 and I would like to know how much I could charge for monthly if renting it out.

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July 05 - Henrietta

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Nancy Lee, "An OrderLee Home"
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Nancy Lee, "An OrderLee Home"

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Researching craigslist and doing an internet search on homes for rent in your location will give you a general idea of the rent being asked for 'comparables'. Of course, this will not tell you what the final rent amount was, but it will put you in a ballpark.

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July 06

thomaswolfus
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thomaswolfus

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Hello Henrietta,

I do not think that you are to create a rent price based on the house's worth. Ask yourself, "If I had too, how much would I pay for rent?" Also, find out the going rate for your neighborhood and a house of about the same size. A relator can assist you in this matter.

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July 05

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Question How do you calculate rent on a property that has no mortgage owed?

Latest answer by Nancy Lee
July 06

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Question How do you calculate rent on a property that has no mortgage owed?

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Guide How to do Lease option - by Example

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Guide The Buyer's Market versus the Renter's Market

Guide The Advantage of Renting a Home

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