Out of all of the steps you have to take to end up with a profitable rental property, the investment property search is the most important. Some of the other steps of investing in real estate can be changed over time. For example, if you choose to rent out traditionally, you can later switch to renting out on Airbnb. You can even adjust your financing method after a few years with a refinance. But once you’ve purchased an investment property, it could be yours for a long time. A bad one may even be with you forever if you can’t sell it down the line! As a result, you should use the best technologies for this important step. By far, the ultimate investment property search tool is Mashvisor. In this blog, we’ll explain why this is the case by discussing Mashvisor’s investment property finder as well as a few other neat tools.
Investment Property Search Tool – What Is It?
Before we talk about Mashvisor’s investment property search tool, what is this tool in the first place? A property search tool, also known as a rental property finder, is an online tool that allows investors to conduct an investment property search. In a way, such tools are a Google search engine for investment properties for sale. As part of its overall software, Mashvisor has the best investment property search engine.
Mashvisor’s Investment Property Search Tool
So, what makes Mashvisor’s tool the best of the property search tools for investors? The full answer is quite extensive, but in short, it all has to do with Mashvisor’s real estate analytics. Mashvisor’s investment property search software relies on both traditional and predictive analytics. As a result, Mashvisor’s tool displays the most up-to-date real estate trends for rental properties for sale.
Mashvisor’s top-notch analytics shine when its investment property search tool is used. Overall, the tool performs 4 functions when searching for investment property:
Compares Rental Properties Across Multiple Locations
You’ve probably heard this a thousand times, but the three most important things in real estate are location, location, and location. The importance of location cannot be understated. That’s why Mashvisor’s investment property finder allows you to search for rental properties for sale in multiple cities at the same time. The tool will help you figure out which location has investment properties that generate a higher return on investment. So, if you’re an investor in the pricey San Francisco real estate market, you can use the search tool to find more affordable properties in the Bakersfield and Joshua Tree real estate market at the same time. And instantly, you’ll be able to determine which location is the most profitable!
Do you need help finding suitable properties and managing the relevant real estate data? Mashvisor can help. Sign up for a 7-day free trial now followed by a 15% discount for life.
Finds Investment Properties Using Specific Filters
Location is clearly important. However, it is not the only vital factor when finding investment properties. The best rental property finder must allow for personalization. As you would expect, this is the case with Mashvisor. The investment property search tool allows users to find properties using specific filters. Using these filters, you can find the exact properties you’re looking for, such as affordable Airbnb rentals or multi family homes for sale under $100k in the Chicago real estate market. The search tool offers many interactive filters, which include the following:
- Miles from location
- Rental strategy (traditional or Airbnb)
- Property type (single family, multi family, condo/coop, etc.)
- Number of bedrooms
- Number of bathrooms
Estimates Return on Investment Property
The best investment properties have a high return on investment (ROI). Once you’ve selected your criteria for an investment property for sale, the investment property search tool displays the top-performing properties by cash on cash return. You’ll get to see estimates for both Airbnb and traditional cash on cash return on each property card. This information is beneficial for further rental property analysis, which we will briefly discuss later.
Helps You Determine Optimal Rental Strategy
Deciding between using rental property as a traditional or Airbnb property is not an easy choice. Typically, traditional rentals fare best in locations with economic growth, long-term development, and good school districts. An Airbnb for sale, on the other hand, is best suited in tourist-heavy areas and vacation destinations. Nonetheless, many properties don’t follow these basic trends. Fortunately, Mashvisor’s investment property search tool provides a statistically-backed answer. By comparing ROIs, you can find out which rental strategy is optimal for an income property.
Mashvisor’s Additional Search Tools
Mashvisor also provides additional search tools for investment properties. Are you interested in off market properties and foreclosed properties? Feel free to check out the Mashvisor Property Marketplace. Do you want to figure out which neighborhoods are the best places to start your search in the US rental market? Then you’ll love Mashvisor’s heatmap analysis tool. Many real estate investors use these tools to complement the investment property search tool.
What Should You Do Once You Find an Investment Property?
Mashvisor’s investment property search tool is a must-have when you search for investment property. But what should you do once you find a property? Just make an offer? Well, not before conducting a complete analysis on it.
To fully analyze an investment property, you should use another of Mashvisor’s best tools: the investment property calculator. By finding a property with the property search tool and analyzing it through the calculator, you’ll be in the best position to have a profitable rental property.
The calculator provides rental income and expense data for every property listing. These estimates are based on local rental comps. The calculator is also interactive. This allows users to adjust rental income and expense figures to see how they can maximize cash on cash return and cap rate. You’ll be able to factor in your financing method and check out occupancy rates as well. That’s only some of what this calculator can do. Try it out for yourself here.
To Sum It All Up
All in all, Mashvisor’s investment property search tool is the best software for finding investment properties for sale. When used with Mashvisor’s rental property calculator and other tools, you’ll undoubtedly find the best residential real estate property.
For more on Mashvisor’s tools and how to find investment property, CLICK HERE to start your 7-day free trial with Mashvisor!