As of today, Monday 05/20/2019 this property is estimated to lease for:
Strategic Pricing Analysis: Although this property could lease for up to 0 per month in great condition, it's recommended to offer a lease rate in the mid-to-low range in order to attract the right tenant for your property. When doing so, we have historically found owners NET more monthly by attracting tenants that keep the property in better shape. Better tenants = lower variable expenses, lower management fees, less turnover and higher occupancy rates.
ERROR - Public Data
Our system determined the public data available for this property address may not be accurate; which could alter this valuation. Common reasons for this error: (1) The property is a commercial building (2) The address you entered is not accurate (3) No public information was available.
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Here is how your rental value was determined:
Estimated sale value: 0 Value range: 0 - 0 Change in the last 30 days: 0Estimate accuracy +/- 0%
Estimated rental rate: 0 Value range: 0 - 0 Rental rate change in the last 30 days: 0 Rent estimate accuracy +/- 0%
Property Type: Bedrooms: Bathrooms: Year Built: Building Sq. Ft.: Lot Sq. Ft.:
Tax Year: Tax Assessed Value: $0 Last Sale Date: Last Sale Value: $0
The above analysis is compiled with information gathered from property tax records and public data. This property located at is estimated to have a sale value of $0 and could expect to lease for $0 per month in today's real estate market.
Average Sale Value in : $
Investment Potential: Assuming you paid cash, if you were to purchase this property at the current market value ($0) and rent it at the current estimated lease amount ($0), you would yield an expected 0% CAP rate (Annual Net Income / Current Market Value).
Estimated Annual Expenses
Management fees at 8% = $0.00 + Property Taxes at 1.3% = $0.00 + Property Insurance = $1,200.00 + Other variable expenses = $5,000 Total Annual Expenses = $6,200.00
Annual Rent Collected = $0.00 - Total Annual Expenses = $6,200.00 Net Income After Expenses = -$6,200.00 CAP Rate Range: 0% - 0%
If you were to purchase this property using financing at today's interest rates, you would deduct your annual mortgage expense from the calculation above to find your Net Income After Expenses. Assuming an interest rate of 4.25% with a 20% Downpayment, your estimated mortgage expense would be $0.00 per year OR $0.00 per month. This would bring your Net Income after Expenses to -$6,200.00.
Investment Advisor Tips: If this amount doesn't meet your investment requirements and equity analysis should be completed to determine appreciation over your term of ownership will off set or exceed your investment goals. Diversification of a real estate portfolio which allows for both Cash Flow and Equity based investments is recommended.
Data Accuracy: Without knowing the current interior condition of this property nor the quality of craftsmanship, the automated sales valuation accuracy for this property is +/- 0% and the estimated rent valuation is +/- 0%. To receive a more accurate property valuation report for your home, request a FREE Brokers Price Opinion from one of our Real Estate experts.
Market Updates: The last time our valuation was updated for this property was on Monday 05/20/2019.
This Automated Property Valuation Estimate and Investment Analysis was compiled using proprietary algorithm's and through utilization of the Zestimate.