Actually, I looked at the Craigslist. The rents range from $2500 to $4000+ for a total of twelve dwellings. Which to me says they are really fishing for the right rental price and will steer people on the bigger places to the smaller places when they balk at the price. Then later lower the bigger place rent to fill it.
Either way, from model home to auction to now, is several months. Someone somewhere is burning through cash on carrying costs.
A quick check of Craigslist with the search criteria keyboard house and max $2500 with 3BR or more shows 510 available places. 300 under $2000. in the over $2500 range, 131 which puts yes at the 80/20 split.
Switching it closer to the Bressi config, we see 45 units over $3000 with 4 BR.
with 26 over $3500.
dropping the house requirement and just needing 4 BR, we see an 80/20 split at $3500 under/over. with 432 under/90 over.
The $2500 didn’t strike me as bad, compared to what renting a 3BR is going to cost. The others though, the price went up pretty steep.
