How to analyze rental property to see if it below market value

How to analyze rental property to see if it below market value

Smyrna GA · Member since 2019 · 19 posts · 3 votes

How to analyze a rental property to see if it below market value. Im currently looking on zillow.com for a rental property

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  • Realtor · Jacksonville, FL · Member since 2019 · 76 posts · 42 votes
    6y

    @Antoine Thompson Narrow your Zillow search to that neighborhood. Then look at the most recent sales for similar listings and average together their price per square foot. That will give you a median. Now determine whether your prospective property is above or below average on quality, square footage, and other amenities. This is by no means completely accurate, but will get you in the ballpark.

  • Smyrna GA · Member since 2019 · 19 posts · 3 votes
    6y

    @Matthew Meikle With this information I gradually appreciated thank you a lot

  • Bjorn AhlbladPro Member
    Investor · Shelton, WA · Member since 2017 · 6k+ posts · 6k+ votes
    6y

    @Matthew Meikle rentometer is very helpful.

  • Smyrna GA · Member since 2019 · 19 posts · 3 votes
    6y

    Can I use google lot lines to get a field of how much I can  get that rental property up to current market value 

  • Real Estate Agent · Minneapolis · Member since 2019 · 338 posts · 219 votes
    6y

    It all comes down to what you are looking for. Are you trying to maximize cash-on-cash return (COCR) or are you OK with a bit less cash flow in a market that is more likely to appreciate?

    Once you identify what metrics are most important to you tools like the BP Rental Property calculator or other rental calculators can help you analyze the metrics of a specific deal.

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