Redmond rental investment
Has anyone bought a single family home in redmond and is renting it out? I was exploring various locations in seattle and some parts near or in redmond have great schools and is near microsoft. I was expecting the $/sq ft to be extremely high for those but surprisingly it is around 400. Does anyone know why? How is the rental near microsoft hq? Where does azure team sit? I was looking at buying next to that as i am expecting rentals around that area to go higher.
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Not the best investment. There are plenty of apartments in the areas that keep rent reasonable and your cash flow will be negative. There is no premium on being very close to MS if you are already in a good areas that are accessible to campus within 10 minutes. If you look at East side in general, the more west you go the higher the $/sqft.