3 Great Sites for Analyzing an Investment Property

By Jed Bratt    |   February 17th, 2016

RELATED: Home Buyer Tools for Picking your Neighborhood

 

We are often asked by our clients for recommendations to sites for analyzing whether a particular property would make a good investment or not.  Here will will share some free* resources we frequently use to get a quick idea of whether or not the property is worth pursuing.

 

1. rentometer.com

analyzing investment property

If the rental market where the property is located won’t support the rent you would need in order for it to cash-flow, then why waste any more time? Rentometer offers a quick glance at the current and historical rents of similar properties in the subject property’s neighborhood. Simply enter an address, your guess at what your believe the rent should be, the number of bedrooms, and click “Analyze My Rental!”.

Note: The free version limits your daily amount of searches available, but for a reasonable month-to-month fee, you will unlock many features and unlimited searches.

 

2. bestplaces.net

analyzing investment property

Familiarity with the subject property’s neighborhood is crucial to investing wisely. Being unaware that the neighborhood has a relatively high vacancy rate or a significantly high crime rate could negatively effect your tenant demand.  When you are aware of the challenges of a neighborhood, you will anticipate them in advance and be able to better address them when they present themselves. With trusted data on a spectrum of neighborhood statistics, Sperling’s Best Places is a must-have site for your favorites.

 

3. greatschools.org

analyzing investment property

 

An often high-priority for renters with children is being within a good school district.  It is not uncommon to find renters will often pay more for a property and often forego other amenities in order to be within a particular school district. At greatschools.org you will find a handy resource for researching schools within the neighborhood based on their proficiency ratings compared with state averages.

 

BONUS Site!

4. neighborhoodscout.com

analyzing investment property

 

Another site that overlaps some of the features of #2 and #3 is neighborhoodscout.com. Here you will find helpful resources including crime maps and school information. Although the site charges a subscription fee to unlock its full potential, good information is available for free, albeit limited.

 

 

 

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Overview - Last 30 days

Median Price - Last 6 Months *
Sale-to-List Price - Last 6 Months
Listing Inventory - Last 6 months *
* Data on active listings begins accruing at report creation. History will grow over time.

Sold Listings - Last 30 DaysView all sold listings

3
Beds
1
Baths
1,045
SqFt
 
 
#170025545 | Single Family Home
 
6
Beds
7 | 3
Baths
12,500
SqFt
 
 
#160042318 | Single Family Home
 
4
Beds
4 | 2
Baths
6,500
SqFt
 
 
#170009787 | Single Family Home
 

New Listings - Last 30 DaysView all active listings

5
Beds
5 | 2
Baths
7,950
SqFt
 
 
#170035946 | Single Family Home
 
8
Beds
5 | 1
Baths
7,140
SqFt
 
 
#170037345 | Single Family Home
 
5
Beds
4 | 1
Baths
5,400
SqFt
 
 
#170034836 | Single Family Home
 
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2017 Sandicor®, Inc.
Sandicor data last updated at July 22, 2017 3:39 PM PT
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