Are you searching for an investment property? You have come to the right place. Real estate investment properties are some of the best assets that you can use to generate large sums of profits and achieve financial independence, so it is no wonder that you’re searching for an investment property.
In this article, I will be talking about one of the most efficient and easiest ways for you to find an investment property and analyze it to make sure that the property you want to invest in will be profitable and will generate the amount of money that you are hoping to make.
The tool that I will be talking about is, as you might have guessed, Mashvisor.
What is Mashvisor?
Mashvisor is a real estate analytics platform that real estate investors can use to find and analyze an investment property that matches their particular needs and investment goals and strategies.
It should be noted that Mashvisor is best used when you’re looking for an investment property for the purpose of using it as a rental property.
Mashvisor specializes in rental properties in particular, and the data provided will cover both rental strategies: short-term rentals (Airbnb) and long-term rentals (Traditional). However, you can still use the platform to search for a fix-and-flip or a buy-and-hold property as well.
In addition to helping you search for an investment property, the biggest advantage of using the platform comes from the analytics that it provides.
These analytics will help you analyze each investment property that you’re interested in to see how profitable of an investment it will be and the exact amount of profits that it will generate over time.
To learn more about how we will help you make faster and smarter real estate investment decisions, click here.
So, without further ado, I will now explain to you the steps that you will go through when you’re using Mashvisor to search for an investment property.
Decide on a Market & Begin Your Search
When you first visit Mashvisor’s website, the first thing you will encounter is a straightforward search bar, which you will use to type in the name of any market in the U.S. that you’re interested in.
Once you click search, you will be taken to the search page, which will contain a map of the area, the neighborhoods that are in that market, and the number of investment properties in each neighborhood.
This page will also include a wide range of unique filters that you can use to customize and narrow down your search based on a number of factors:
- Your budget
- Financing method (Cash vs. Mortgage)
- Property type
- Desired ROI (Cap Rate or CoC)
- Property characteristics (size, age, rooms…etc.)
- Property status (sold, pending, foreclosed…etc.)
- Rental strategy (short-term or long-term)
- Several other filters
This allows you to search for an investment property that perfectly matches your criteria and that has very specific stats and characteristics, which can greatly reduce the amount of time needed to find a suitable property.
To start looking for and analyzing the best investment properties in your city and neighborhood of choice, click here.
Identify the Best Neighborhood
Based on the filters that you have active, you will be able to see the number of properties that match your search criteria in each neighborhood.
Hovering over a neighborhood will also show you the average stats of that neighborhood, including:
- Average listing price
- Average rental income
- Average cap rate
- Average CoC
- Average occupancy rate
Additionally, you will see each of these stats for both rental strategies, allowing you to identify the neighborhood with the optimal stats based on the specific rental strategy that you want to use.
Once you’ve found a suitable neighborhood, you can then download an Excel sheet containing all of the properties that match your search criteria in that neighborhood, which will also contain all the different stats and features of each property, which allows you to easily compare the different properties and decide on the best ones for investing.
Related: How to Do a Neighborhood Analysis in Real Estate
Analyze the Investment Property
Once your mind is set on a few investment properties that have a high potential, you can now begin to customize the analytics for each property to get the most accurate results and see how they will actually perform once you start renting them out.
By clicking on each property, you will be taken to that property’s analytics page, which also includes a rental property calculator.
The rental property calculator will have pre-calculated values for each of the metrics (cap rate, CoC, occupancy rate, cash flow…etc.). But you will also be able to customize and modify the calculations by setting your financing method, mortgage specifics, and modifying the expenses. This will give you the most accurate and realistic results, allowing you to know the exact amount of income and payback balance that the property will generate as an investment property.
Repeat the process for each property, and you should easily be able to identify the most suitable and profitable investment property for you to purchase and start renting out.
Related: How to Do Investment Property Analysis
Save Time – Use the Property Finder
Using these features can save you thousands of hours, which you would otherwise spend on research, data collection, inspections, manual calculations…etc.
With Mashvisor, and using the steps mentioned above, the entire process of finding an investment property and analyzing it to make the final decision will only take you a few hours at most.
However, it doesn’t mean that you can’t do it faster than that.
The platform’s latest addition, the property finder feature, allows you to find an investment property that has been analyzed based on your own preferences and investment goals, and by analyzing your social, behavioral, and financial information, within the matter of mere minutes.
Using this feature, you will get a list of properties that perfectly match your investment goals and that you can purchase and invest in right away. Of course, you will still have the option to go to each property’s analytics page and customize it, and you will also have the option to like or dislike each property to further enhance the results and make them more accurate based on your reactions.
Related: How to Find Investment Properties Using a Property Finder Tool
Bottom Line
If you’re looking to find an investment property in the least amount of time and using the most effective tools and filters, then Mashvisor is the right choice for you.
The purpose of Mashvisor is to help real estate investors, and to enable beginner investors to make wise investment decisions without having to spend too much time or effort on learning all the different aspects, metrics, calculations, or collecting data, analyzing it, and comparing it.
If you’re still unsure about using Mashvisor and would like to see the platform in action before making the decision to use it, click here to book a time for a free demo call and see how the platform works and how you can use it to find the investment property of your dreams.