Through anyone’s life, real estate is the centerpiece that everyone gathers around. It is your home, your school, college, and work! Real estate properties dominate the nature of our daily lives without us noticing! Well, it’s time for you to wake up and smell the roses! If you haven’t considered investing in real estate, you should now. Real estate investing has never been easier or more attainable to the average Joe! Here, we’re going to explain what technology can do for you to make real estate investing a safe bet for your future through an investment property calculator.
At first, you might say “Why do I need an investment property calculator?” Many have gone without using it and succeeded in the field! Ironically, yes, some people have made it without one, but let’s take the simple example of going on vacation. You have two options: to plan or not to plan. With a planned vacation, you know all the details of the trip, accommodation, and expenses. Meanwhile, if you don’t plan, you go into uncharted territory simply because you are not prepared! Wouldn’t you rather know the ins and outs of an investment before committing for a certain number of years?
What’s the nature of an investment property calculator?
It might seem like a strange tool for novice real estate investors. In fact, expert real estate investors have always known to utilize data to make informed real estate decisions. However, real estate investors had to go through loads of time and effort to analyze the data. An investment property calculator cuts through all the variables through automatic calculations to help you determine if this specific investment property is a keeper or not.
Related: Why an Investment Property Calculator Is Smarter Than an Investor.
What makes Mashvisor’s investment property calculator different?
Mashvisor’s investment property calculator offers an interactive experience along with real estate investing tools that other available investment property calculators don’t. The details for every neighborhood, property, and even investment costs are all factored in. All you have to do is utilize the knowledge and act upon it to establish a profound investment portfolio.
What to expect from Mashvisor’s investment property calculator
In order to grasp the competitive advantage that Mashvisor’s investment property calculator offers, we need to clarify the filters that investors can benefit from:
- Property status: sold/pending/foreclosure.
- Property Stats: number of bedrooms/bathrooms/size.
- Rental strategy: Traditional/Airbnb.
- Projected returns: Cap Rate/Cash on Cash Return.
- Financing method: Mortgage/cash/required down payment.
- Property Location.
- Listing price.
- Property Type: single-family/multi-family/apartment/condo.
These filters are easily combined to provide you with what you desire out of an investment property. If you want a specific number of bedrooms or a specific price, you specify it and voila!
To dive deeper into the multifunctionality of Mashvisor’s investment property calculator, let’s take a closer look at the features any real estate investor can benefit from:
The heatmap analysis is a revolutionary tool whose qualities you can use on so many different scales. You can specify to group together different price points, both traditional and Airbnb Cash on Cash Return, and Rental income with different rental strategies. All this comes together in the easy to navigate form of a map to get you to your future investment.
Related: Investing in Income Properties Using a Heatmap: The Way to Go.
Neighborhood comps and analytics
Real estate investors can find the important real estate comparables for any potential property. These real estate comps can help you in distinguishing the market value in any property and its investment potential through comparing the property’s stats with neighborhood stats to give you the best possible investment property in any specific location you choose.
Real estate comps are derived from a precise comparative market analysis. Let’s keep things simple by giving you an example; assume that you’re looking at a certain property that has potential to be an investment property. What a comparative market analysis can do for you, is compare this specific property’s stats to the neighborhood in general at the level of any filters you’ve applied to refine the search.
Related: Comparative Market Analysis: Make Sure You Are Not Losing Money When Buying an Investment Property.
Property finder feature
It’s the newest member of the Mashvisor family that was long waited for! Through a simple selection of criteria, such as location, budget, and rental strategy, Mashvisor’s AI will offer you a selection of suitable possible investments that can generate the highest cash on cash return.
Should you use an investment property calculator?
The only one that can answer that is you! You can choose to solidify your investment decision by incorporating an analytical base within it, or you can speculate and guess. Real estate investing is a major investment; you must always venture into it prepared and protected by your real estate education. Furthermore, what these investment property analytics offer you is a solid base to lay your investment property on.
While conducting a real estate market analysis through an investment property calculator may seem like a skippable step, it is a precautionary measure to take to ensure the profitability of real estate investments. As a matter of fact, real estate investments have become more of a safer bet since the incorporation of technology.
The many uses of an investment property calculator are multi-dimensional. As a result, with each investment property search, you will discover more and more features that you can utilize to your benefit. How, you might say? Start by signing up for your 14-day free trial with Mashvisor by clicking here.