Buying Investment Property How to Find Positive Cash Flow Condos for Sale by Hamza Abdul-Samad June 20, 2020June 17, 2020 by Hamza Abdul-Samad June 20, 2020June 17, 2020 Buying a condo is quickly becoming one of the most popular investments in real estate. These investment properties provide many benefits to investors, such as low maintenance. You might already know this, but what you might not know is how to find condos for sale that are sure to generate positive cash flow. Luckily for you, this blog will tell you exactly how to do that! Without further ado, here’s how to search for condos for sale that will make you money every month. Related: Are Condos a Good Investment for 2020? How to Find Condos for Sale That Are Cash Flow Positive: The 3 Tools You Need All real estate investors know that to find cash flow property, you need to do your research. A thorough property search is performed in three phases: A neighborhood analysis An investment property search An investment property analysis. We here at Mashvisor understand this. As a result, Mashvisor’s real estate investment software provides three real estate investment tools corresponding to these three functions. The three tools you’ll need to find cash flow condos for sale are: A real estate heatmap A rental property finder An investment property calculator. 1. Real Estate Heatmap You might only associate the term ‘heatmap’ with weathermen, but it works for real estate investing, too! Like heatmaps used by other professionals, a real estate heatmap visualizes market data using color-coded cues. Mashvisor’s heatmap analysis tool, for instance, utilizes a range of reds, yellows, and greens for presenting the information. By conducting a wide-scope neighborhood analysis, a heatmap will find positive cash flow locations with condos for sale. Without a heatmap, a real estate market analysis can take weeks or even months. That’s because you’d have to obtain the data and run manual calculations. With Mashvisor’s real estate software, however, data collection and computation are automatic. Overall, the process takes just a few minutes! Related: Using a Heatmap to Find the Best Areas to Invest in Real Estate in 2020 Using Mashvisor’s heatmap is very intuitive. In a few steps, you’ll fully analyze the entire selected location. The first step is to select the rental market you wish to invest in. After entering the city into the search bar, the market’s neighborhoods and all of the available properties for sale in each neighborhood will be presented. To narrow things down, you should select the “Condo/Coop” filter before using the heatmap. That way, you will only see coops and condos for sale. Next, click on the “Heatmap Data Set” button and you’ll be able to focus your search based on specific real estate metrics. Some of the key metrics of the heatmap include: Listing Price Traditional Rental Income Airbnb Rental Income Traditional Cash on Cash Return Airbnb Cash on Cash Return Airbnb Occupancy Rate All of these metrics are key to finding areas with positive cash flow properties for sale. Mashvisor’s Real Estate Heatmap By selecting a real estate metric, the heatmap will show a color-coded overlay of the location. If you were, for example, to select traditional rental income, the heatmap will display areas with high traditional rental income in green and areas with low traditional rental income in red. With the heatmap’s location metrics, you will find the best areas with condos for sale! 2. Rental Property Finder Historically, real estate investors have used local newspapers, “For Sale” signs, among other traditional methods, to find rental properties for sale. While these methods were appropriate for their time, they are now considered outdated. Instead, the best way to find condos for sale is through a rental property finder. Using AI, big data, and predictive analytics, Mashvisor’s rental property finder quickly scours the selected market for cash flow properties in little-to-no time. Similar to the heatmap, the rental property finder requires the user to select a few filters. To use Mashvisor’s rental property finder, all you need to do is enter: The real estate markets where you’d like to invest (an unlimited number with an Expert Plan) Miles from the selected location Your budget Property type (while you have other options, for this purpose, you’ll want to select the condo/coop filter) Rental strategy (traditional or Airbnb) Number of bedrooms and bathrooms Some of these filters are mandatory, such as location. Others, such as property type and financing method, are optional but will help narrow down your property search to the most accurate results. Mashvisor’s Property Finder Related: Rental Property Finder: A Revolutionary Tool for Investing in Real Estate Mashvisor’s rental property finder is the ultimate tool for finding a condo rental property. After you set the filters, you’ll instantly see condo investment properties for sale with the highest positive cash flow and return on investment. 3. Investment Property Calculator After finding condos for sale, you will need to narrow down your choices for purchase. To guarantee that your condo investment will have a high positive cash flow, you will need to analyze it. There’s no better tool for this purpose than Mashvisor’s investment property calculator. Also known as a rental property calculator or cash flow calculator, this tool uses data from rental comps in the local housing market. With that data, the calculator performs an investment property analysis to break down the profitability of the selected property. The instant analysis will provide information about the property’s: One-Time Startup Costs and Recurring Monthly Expenses (such as condo fees) Traditional and Airbnb Rental Income Traditional and Airbnb Cash Flow Optimal Rental Strategy Traditional and Airbnb Cash on Cash Return Traditional and Airbnb Cap Rate Traditional and Airbnb Occupancy Rate With this plethora of information, you will understand how to maximize the positive cash flow and ROI of condo investment properties for sale. Mashvisor’s Investment Property Calculator Related: An Investment Property Cash Flow Calculator That Does All the Work for You Get Started Now Mashvisor’s real estate investment tools are must-haves for buying a condo for investment. There’s no doubt that buying a condo is a good investment, and Mashvisor’s tools make that a reality. To start finding condos for sale with Mashvisor, CLICK HERE to start your FREE trial! Start Your Investment Property Search! START FREE TRIAL Cash FlowCondoHeatmapInvestment CalculatorProperty FinderProperty Search 0 FacebookTwitterGoogle +PinterestLinkedin Hamza Abdul-Samad Hamza is a long-time writer at Mashvisor. With a focus on real estate investing tips, concepts, and top investing locations, he aims to help all aspiring investors who come across his blogs to hit the bank with their investment property. Previous Post 15 Cities Where Rental Prices are Growing in 2020 Next Post How Do I Determine Fair Market Rent for My Rental Property? Related Posts 8 Steps to Buying a House in California: The Complete Investor’s Guide What Is MyHouseDeals? Does It Help Real Estate Investors? How to Make Money in Real Estate: Buy a Rental Property 4 Things to Beware of Before Renting Out a Second Home Should You Buy Real Estate Investment Property in the Chicago Real Estate Market? 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