Mashvisor’s investment property deal finder – also known as the rental property finder – is a real estate investment tool that allows investors to find investment properties based on their preferences and search criteria. You can think of this tool as an online search engine for finding real estate deals.
Using the investment property deal finder is very simple. All you have to do is set your search criteria using the different filters available. The tool will then scan the housing market that you’re interested in investing in and provide you with all the property listings that match your filter selections.
To come up with these results, the property finder tool employs machine-learning algorithms, as well as predictive analytics. This makes it able to not only find investment properties that suit your criteria but also provide data regarding the potential return on investment that you’ll receive from buying them. So let’s see how to find investment properties using Mashvisor’s investment property deal finder.
Setting the Filters
Upon accessing Mashvisor’s investment property deal finder, you will notice the different filters that are available to you on the left side of the tool (as seen below).
These filters include the following:
The From filter allows you to specify the location where you would like to find investment properties for sale. All you have to do is type the name of the city that you’re interested in investing in. You even have the option to search for investment properties in several cities all at once- Mashvisor’s investment property deal finder allows you to select up to 5 cities. If you type the name of several cities, you will notice that the cities you have selected will appear in green boxes below the search bar.
The Miles filter allows you to set a radius for the property search. It only works when you have one city selected. Using this filter, you can basically control the distance that you would like the properties to be from the city you have selected. You can choose any number between 0 and 250 miles. So if, for example, you set the search radius at 50 miles, Mashvisor’s investment property deal finder will only find investment properties that are within 50 miles from the city center, filtering out all properties that are farther.
The Budget filter allows you to set a range for your budget to keep the property search within. You simply need to specify the min and the max, ranging anywhere from $50K to $5M. Mashvisor’s investment property deal finder will filter out any investment properties that are too high above or below the target price point that you have in mind.
The Rental Strategy filter allows you to find investment properties based on the rental strategy that you would like to opt for: the traditional rental strategy or the Airbnb rental strategy. The Rental Strategy filter will, by default, be set on ‘All Rental Strategies’. But you can narrow down the results to only include traditional investment property deals or Airbnb investment property deals, depending on which strategy you want to adopt.
Type of Property
The Type of Property filter allows you to choose the type of real estate that you would like to invest in. By default, Mashvisor’s investment property deal finder will show you all the types of investment properties that it finds, but you can narrow down the results by selecting one of the following options:
- Single Family Home
- Multi Family Home
Bedrooms and Bathrooms
The Bedrooms and Bathrooms filters allow you to find investment properties based on the number of bedrooms and bathrooms that you would like them to have. You can set the number of bedrooms and bathrooms to have anywhere between ‘Any’ and up to ‘5 bedrooms and bathrooms’.
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The Results You’ll Get
Once you set all the filters above according to your preferences, Mashvisor’s investment property deal finder will display a list of properties that match your filter selections. But that list is not just a list of random properties that only meet your search criteria. The property finder tool is specifically designed to only show the most profitable investment properties. It will thus look for the top-performing properties in the locations you’ve chosen and it will sort them for you according to the highest return on investment expected from each property.
The list that you will get will show you some important information about each income property, such as the:
- Property Address
- Listing Price
- Estimated Value
- Traditional Cash on Cash Return
- Airbnb Cash on Cash Return
You will then be able to easily compare the different properties based on these metrics.
If you find an investment property that interests you, you can click on it and this will take you to its Purchase Analysis page. On this page, you will see another one of Mashvisor’s real estate investment tools: the Investment Property Calculator. This tool will provide you with more insights about the property. Most importantly, you will be able to run a complete investment property analysis and get data projections on the property’s:
- Rental Income
- Rental Expenses
- Cash Flow
- Return on Investment (Cap Rate & Cash on Cash Return)
- Occupancy Rate
- Optimal Rental Strategy (Traditional or Airbnb)
Now back to the investment property deal finder. You will notice that each property listing in the list has a green ‘checkmark’ and a red ‘X’ that you can click on to either ‘like’ or ‘dislike’ the property. Clicking on the green ‘checkmark’ will save the property so that you can view it later while clicking on the red ‘X’ will remove the property from the suggestions list.
To access the investment properties that you’ve saved, you will have to click on the ‘heart’ button on the top right corner of the tool. This will take you to the Saved Homes page. On this page, you will see a list of all the properties you liked and their details, including their real estate type, sale price, your own rating of the properties, and whether or not they are currently occupied by tenants. Finally, you will have the option to either share or download a property listing’s PDF Report or remove a property from the list.
To get access to our real estate investment tools, click here to sign up for a 7-day free trial of Mashvisor today and enjoy 15% off for life.
How to find investment properties? The answer is simple: with Mashvisor’s investment property deal finder. Whether you’re a beginner real estate investor looking to buy your first income property or a seasoned investor searching for your next investment opportunity, the property finder tool will help you find good real estate deals and make the best investment decisions.
Click here to start using the investment property deal finder now!