How to analyze a rental property to see if it below market value. Im currently looking on zillow.com for a rental property
@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.
@Matthew Meikle With this information I gradually appreciated thank you a lot
@Matthew Meikle rentometer is very helpful.
Can I use google lot lines to get a field of how much I can get that rental property up to current market value
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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