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You are already familiar with Real Estate Comparative Market Analysis (CMA) - assessment of a property's market value based on comparable properties sold in the area. How about Rental CMA? You are already doing it when you are trying to answer the question: How Much Rent Can I Get? We often asked ourselves this question in our investment endeavors.
An important part of analyzing a Real Estate Investment (REI) Property is to estimate Net Operating Income (NOI) which starts with the rent.
Figuring out how much rent you can get from your target property takes you to finding out rents for similar properties in the same area. Looking at the local newspaper’s classifieds section, make a few phone calls to get more information about rent, property condition, extra amenities, and location. This is a lot of homework and Zilpy.com makes the data analysis and comparison a few minute task instead of few days long.
We analyze "For Rent" properties on daily basis and prepare the "Rental Market Facts" for you to plug in the property address and get the Zilpy Rent estimate. To make an accurate assessment we consider multiple variables such as property type, proximity, square footage, and amenities, to mention a few. In other words, we do the work so you don't have to.
Go ahead, try it. Enter a property address to get a rent estimate:
Are you looking to find a new Real Estate Investment bonanza? Start with Zilpy.com. Don't miss our "Rent Heat maps". We show weekly trends of where the best potential rental properties are. We calculate neighborhood $ per rent vs. $ per purchase price per square foot and show best areas that yield the highest rent per square foot vs. purchasing price.
Give it a try and enter a metropolitan, a city, a zipcode or a neighborhood:
Besides being Technology Gurus, we are Real Estate Investors as well, and we have created Zilpy exactly out of necessity to save countless hours of scurrying for data and making phone calls. If you like what you see why not telling your friends about it.
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