Everyone Loves a Good Success Story
A real estate investor likes to get a little inspiration every now and then. Success stories push you as a real estate investor to keep going, as success is within arms reach. Mashvisor property analysis is a real estate investing tool for real estate investors of any kind can utilize.
We specialize in a product that can give you the real estate analytics you need to succeed in the real estate business. We will discuss some more of what Mashvisor can do for you as a real estate investor. Along with that, we’re going to share the story of Kate, a reputable real estate investor, who found success while using Mashvisor.
Get your tissues out, there is some serious inspiration coming your way that is bound to shed a few tears. Not really tear-jerking, well, maybe! Anyways, let’s get to the good stuff.
Meet Kate
We would like to present to you Kate! WARNING: A small overview of how Kate stumbled across Mashvisor, and her initial reaction is about to be shown. Prepare yourself.
We’re glad you met one another, so let’s move on to Kate’s real estate investing success with Mashvisor.
We Love to Give a Helping Hand
Mashvisor is a warm, fluffy, big teddy bear on the inside that just wants to help you, the real estate investor. We want to give you cuddles of rental income and kisses of cash on cash return if you let us. Mashvisor the real estate teddy bear, wants to support you and your real estate investment decision as a real estate investor.
Our property metrics give you that confidence as to where you’re putting your money. As a real estate investor, you always aim to make more money from a property than you originally put into it. Mashvisor helps you project that.
How Do We Even Work?
Our predictive software analyzes over 450,000 properties across the US and uses algorithms to estimate real estate performance metrics. This includes real estate analytics like the potential cash on cash return rates, occupancy rates, cap rate, and rental income.
As a platform, we provide such data with the aim to help beginners investing in rental properties and professionals alike. Mashvisor is able to tell a real estate investor like yourself which real estate investing strategy makes the most money for you. This all depends on the property, its location, and our comparative data.
With us, you are able to find investment properties with the highest returns. Our insights provide Airbnb hosts or rental property investors the variables they need to make the best investment decisions. In this way, you can watch your occupancy rates and cash flow jump up! Mashvisor’s property analysis software compares nearby investment properties to generate a summary for those optimal Airbnb property features people are looking for!
Although we would love to keep talking about ourselves, we should get onto the real star of the show: Kate!
We Present to You Kate, the Real Estate Investor Who Made It With Mashvisor
Once 2016 hit, Kate knew it was time to further expand her real estate portfolio by purchasing a short-term rental investment. Where? In the E. Riverside neighborhood of Austin, Texas. The Austin real estate market was new ground as a real estate investor for Kate. However, she had some good experience built up from investing in other US real estate markets, which helped her estimate the potential return in Austin. However, that wasn’t going to cut it for her.
After being shocked by how “surprisingly accurate” Mashvisor analytics really were, Kate decided to go for another run with Mashvisor’s rental property metrics. She compared her estimations to Mashvisor’s data, which concurred her calculations, encouraging her to proceed with the investment property. Validation is something rarely found in the real estate business, so our numbers gave her just the push she needed.
Every Real Estate Investor Encounters Obstacles
We like to be as honest as possible with you here at Mashvisor. We are sure real estate investors like you know that the path to success can get rocky sometimes. We want to tell you a bit about the obstacles Kate faced while on her search for investment properties.
The Austin real estate market was new and unfamiliar to Kate. This can get intimidating, but it didn’t deter Kate from making money in real estate. She did know, however, that Austin was a popular destination for Airbnb rentals. Due diligence kicked in, so she searched for numerical evidence that what she assumed was true.
Kate decided to do some calculations herself and took a look at some of the real estate investment performance metrics. Smart move, if we must say so ourselves. In order to calculate how much she would need to charge to have a positive cash flow real estate investment, she calculated her mortgage fees, taxes, insurance, and condo fees. In this way, she calculated her projected numbers.
Related: The 6 Hidden Costs of Owning Rental Property
However, she was met with the challenge of being able to identify the average returns in the E. Riverside neighborhood of the Austin real estate market. She could find out the average rental income for the city, but, boy, was it tough to find any data on the neighborhood itself.
Taking a look at other listings only gave her an idea of what her competitors were charging per night, and not how much they were actually making in profit. It was at this moment that Kate realized she needed the help of her real estate investment superhero: Mashvisor!
And So, We Stepped into Work Our Magic
Our platform exists to help a real estate investor like Kate. With our aid, we were able to provide Kate with the average rental income, cash on cash return, and Airbnb occupancy rate of the E. Riverside neighborhood. The rental comps shown in Austin were especially helpful, as Kate was able to determine the average nightly price in the area.
But it didn’t stop there! She was even able to estimate the monthly rental income and Airbnb occupancy rate. Traditional comps even helped her understand the difference in volume and performance in rental strategies in Austin!
Related: What Are the Advantages of Real Estate Investment Analysis?
Below, we included a screenshot of E. Riverside’s projected average performance:
What These Mashvisor Results Told Kate, the Real Estate Investor
The numbers were screaming to Kate! You know what they were saying?
- The confirmed the Airbnb rental income would indeed be enough to cover expenses and create positive cash flow.
- An Airbnb property in the E. Riverside neighborhood of Austin real estate would be making her money! Could even be considered one of the most profitable investments
Kate’s Findings With the Help of Mashvisor’s Real Estate Analytics
The screenshot of the Mashvisor results we showed you above showed a monthly rental income from Airbnb at $2,189. As of March 31st, 2017, Kate grossed $11,296, averaging $3,765 per month.
Now, let us explain ourselves. The reason for this variation in rental income is due to the major increase in rent Kate had received during the peak seasonal times. In that week alone, Kate was able to net $5,025. If we were to take this week out of the actual earnings, her total net would be $6,271, averaging at $2,090. With that, there is nearly a $100 variation from Mashvisor’s projections.
Remember, these are projections, not “set-in-stone” numbers. You are more than capable of making even more cash with the number of different ways to maximize your Airbnb rental income. You are more than welcome to get creative, and we are more than happy to give you the base rental income projection.
The data also took part in showing that Airbnb is the optimal real estate investment strategy for this particular area. This was especially crucial for Kate, as she prefers the Airbnb rental strategy over traditional strategies.
Related: Real Estate Investing: Traditional vs. Airbnb Investments
Kate also found that Airbnb was, in fact, the more lucrative way to go. She would really only have to charge $1,500 for her property per month, allowing her to make more than THREE TIMES the income.
Where to Go From Here
Kate is just one example of how far you can go to become one of the most successful real estate investors. She has already received booking this 2018. The attribute Kate appreciated the most about Mashvisor was our ability to provide reliable and specific information (down to the neighborhood analysis!)
She had finally found what she had been looking for, as she was unable to find this type of information from any other platform. To this day, Kate uses Mashvisor as one of her most important real estate investment tools, in order to obtain the information she needs about the country’s best performing areas!
You too can share Kate’s success. There is a good amount of Mashvisor to go around, especially to a real estate investor like yourself. It doesn’t hurt to try in the real estate investing business. So long as you use that intelligent brain of yours, you will be more than set. You heard the success story, now go out and make your own with Mashvisor. You too can have a slice of the most successful investors cake.
To start out your 14-day free trial with Mashvisor, click here.