How It Works
Enter Property Address
Users may enter a property street address located anywhere in the United States.
Enter Property Characteristics
The tool relies on user descriptions of physical attributes and earnings potential.
Refine Income & Expenses
Users are able to make adjustments to a proforma income and expense statement generated from data analytics.
Get Valuation
The tool displays an automated valuation, as well as a value based upon the user's projections.
It takes less than four minutes
FAQ
What does single-family home mean in real estate?
Single-family is a term used to describe a dwelling that houses just one family. It is usually distinguished from "multifamily," which describes a dwelling that accommodates more than one household.
Are rental properties a good investment?
It depends. Rental properties can be either a good investment or a bad one. There are several factors at play, including the following:
- How well the property is managed
- Whether the acquisition price was reasonable
- How much rental rates increase over the holding period
- How much the owner has to spend to keep the property in good shape
- How much operating expenses increase
- The sale price that can be achieved and
- The income tax implications, which will vary from owner to owner.
Can I buy a property and rent it out?
Although the answer is typically "yes," it can depend. Each state has landlord-tenant laws that govern the rental of residential property. State statutes provide for renting out a home and spell out certain obligations of a landlord. A prospective landlord should be sure to find out whether the dwelling is part of a homeowners or condomium assocation. If so, it is important to review its rules, which could place additional restrictions on owners.
