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Which areas of Houston have the best price to rent ratios? / Anyone rent a townhouse?

Discussion in 'BBS Hangout' started by Jet036, Jan 10, 2017.

  1. Jet036

    Jet036 Member

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    Does anyone know if there are certain parts of Houston where the price to rent ratios are higher than in other parts?

    Also, does anyone here rent? How much do you pay? Anyone here rent a townhouse?

    EDIT: If a 100K house rented for 10K per year, the price to rent ratio would be 10 and if a 100K house rented for 20K per year, the price to rent ratio would be 5. I want to buy a house then rent it out so I'm looking for areas of town that have low price to rent ratios.
     
    #1 Jet036, Jan 10, 2017
    Last edited: Jan 10, 2017
  2. Sadat X

    Sadat X Member

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    I'm not familiar with exactly what areas are cheaper but I do know the nicer the neighborhood the higher the price. Check Zillow's website. It has an easy map feature where all the prices pop up around the search area.
     
    #2 Sadat X, Jan 10, 2017
  3. Haymitch

    Haymitch Custom Title
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    [​IMG]
     
    #3 Haymitch, Jan 10, 2017
    Sadat X likes this.
  4. kevC

    kevC Contributing Member

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    What's your budget? Renters market is pretty good these days inside the loop.
     
    #4 kevC, Jan 10, 2017
  5. Jet036

    Jet036 Member

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    I was referring to the price to rent ratio (basically, the percentage that rental price is of the actual cost of the house).

    So if a 100K house rented for 10K per year, the price to rent ratio would be 10 and if a 100K house rented for 20K per year, the price to rent ratio would be 5. I want to buy a house then rent it out so I'm looking for areas of town that have low price to rent ratios.
     
    #5 Jet036, Jan 10, 2017
  6. Sadat X

    Sadat X Member

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    Totally over my head. Carry on Jet
     
    #6 Sadat X, Jan 10, 2017
  7. bigtexxx

    bigtexxx Contributing Member

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    Have you tried asking Siri or maybe Alexa?
     
    #7 bigtexxx, Jan 10, 2017
    Sajan, Bäumer and Bandwagoner like this.
  8. Kim

    Kim Contributing Member

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    Use Har.com and zillow.
     
    #8 Kim, Jan 10, 2017
  9. Buck Turgidson

    Buck Turgidson Member

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    Go East young man.
     
    #9 Buck Turgidson, Jan 10, 2017
  10. FTW Rockets FTW

    FTW Rockets FTW Contributing Member

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    Go to the suburbs breh. Like down 45 S towards the shitty hobby areas or 45N towards gunspoint.
     
    #10 FTW Rockets FTW, Jan 10, 2017
  11. Space Ghost

    Space Ghost Contributing Member

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    You should really reconsider this slumlord aspiration. You figure your rent ratio after your balance sheet on a property, not before. No two properties are alike. If you go into this focused only on rent ratios, you're going to lose your ass by being a poor property owner/manager. You can buy a random 3/2 in the suburbs at fair market value and still have great returns if you know how to get the right tenants at the right price.
     
    #11 Space Ghost, Jan 10, 2017
  12. Ziggy

    Ziggy QUEEN ANON

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    Yeah, it's more about finding the right property than it is finding some magical part of town where you'll net positive returns day 1. Also keep in mind, in some areas property value is trending up, others not so much. That should factor into your little pee-pee game as well.
     
    #12 Ziggy, Jan 11, 2017
  13. CCorn

    CCorn Member

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    Look around westbury.
     
    #13 CCorn, Jan 11, 2017
  14. YuleC

    YuleC Member

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    Figure flood insurance and a boat into that calculation.
     
    #14 YuleC, Jan 11, 2017
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