This past weekend, there was an excellent article in The Washington Post noting that some baby boomers are reclaiming the old way of buying investment property. Our current real estate climate is helping investors buy investments the old fashion way. Buy low and rent for a positive cash flow. The Prince William County foreclosure properties have dragged down home prices. That's the reality we are living in right now. In all my years as a Realtor in this county I have never seen a better time to be able to snag positive cash flow rentals. If you didn't see the article READ MORE....here
Did you realize there are over three hundred active homes on the market in the Woodbridge -Lake Ridge Viriginia area that are priced under two hundred thousand dollars. Take a look
Do the math...how are your current investments doing? Is now the time to consider an investment property? Mayne it's time to look into your options.
Many of these homes need some work, and might need to be purchased by CASH. Cash is KING in our market.
All of us who sell real estate for a living, have always known that real estate is an excellent long term investment. So, if you have been thinking about diversifying your investment portfolio maybe buying a rental is the way to go. What would you be looking for? A Condo? A Townhome? Or Single Family?
Did you know that in Eastern Prince William County the average rents are as follows:
- one bedroom condo rents for $1000.
- two bedroom condo $1250-$1400 depending on age/location
- the average three level townhome rents for $1600
- the average single family home rents for $2000
- larger grand single familes rent for $2500- $3200
So most ask "How The Rental Market In The Woodbridge Virginia Area? Let me show you, since January 1st 2009 these are the statistic's on the MRIS database in the 22191,22192, and 22193 zip code areas:
- 454 Properties Listed and Rented on MLS System
- 58 Currently Have Applications Registered
- 270 Are Active For Rent
Average Time It Takes To Rent Ranges Between 60-90 days.
If you have questions about buying investment property give me a call and I will help coach you on your options. Erick and I work as Buyer Agents.
We can help find what your looking for...
Opportunities Are Everywhere...
Erick Blackwelder or Peggy JamesExit 1st Choice Realty, Woodbridge VA. Realtors®, call 703-590-2252 (Office) to list your property for sale or to purchase a property in Lake Ridge, Westridge, Old Bridge Estates, River Falls, Middle County, Cannon Bluff, Meadowbrook Woods, Blooms Crossing, Manassas Park, Beaver Creek, Hunter's Ridge, Brittany, Manassas, Montclair, Dumfries, Occoquan, Dale City, Nokesville, or anywhere in Prince William County.
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