How do I best price a rental for sale?

Question

My wife and I are considering selling our rental. I wanted to ask for everyone's advice on the best way to price the property if I were to sell it.

Is finding a realtor to a guesstimate on the property the best way?

I located the article on https://www.biggerpockets.com/rei/real-estate-comp... I am getting a very large variety in prices ranging over $100K in differences in estimates from these sites.

I struggle with the comps seam to be hard because the house is a 4bed 2Bath ranch in Dublin Schools. There are so few Ranches to compare to.

Would I get more for the home marketing it to a potential homeowner or does the fact that i already have it rented make it more profitable to market to other property investors?

Should I take into consideration pricing the house based on the cash flow it would offer another investor?

What financially do you look for in rentals to make the property considerable to purchase?

I greatly appreciate any advice and input people have to give.

Landon

Becca Summers · Answer

You'll most likely get the most money from a retail buyer if properly stagged and marketed. The problem with advertising to investors is some might assume the home needs work. Also the cash flow is all dependant on what type of financing the buyer gets so their cash flow might not be as much. Pricing a home is an art, looking and comparable homes, share footage, age, location and finishes all within a certain area and time frame. A Realtor will probably be your best bet to price it out.