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I am thinking about buying a condo or house near UTMB for a family member to stay at while in medical school. I am looking at the rental prices in the area to see how much I could justify spending (for renting after he finishes medical school).
Does anyone have any insight on this market? Looking at a Condo that was recently renovated (new flooring in the living and kitchen, new carpet in bedrooms), about 1450 square feet, 3 bedroom 2 bathroom. Its located at around 15th and Avenue E. Could you charge $2,000 a month for a place like this? It is looking like that is what I would have to charge to break even - its a nice place but I don't know if that is a market value.
Any thoughts are greatly appreciated!
Does anyone have any insight on this market? Looking at a Condo that was recently renovated (new flooring in the living and kitchen, new carpet in bedrooms), about 1450 square feet, 3 bedroom 2 bathroom. Its located at around 15th and Avenue E. Could you charge $2,000 a month for a place like this? It is looking like that is what I would have to charge to break even - its a nice place but I don't know if that is a market value.
Any thoughts are greatly appreciated!
