Critique of market analysis worksheet
Put together a quick word document that outlines a market analysis for small multifamily and/or single family rentals. What other information, metrics, etc. am I missing that you would want to know about an area prior to investing there? What other sources of info have you found helpful when doing market analysis on a new area? Thanks in advance for the feedback!
Market Analysis
Zip code:
Crime data (www.crimereports.com/)
- Gross assessment:
- Invisible borders?
- Drug abuse?
Schools (www.greatschools.org)
- Elementary:
- Middle school:
- High school:
Employment characteristics (www.city-data.com/)
- Unemployment rate:
- Employment appears permanent/stable or temporary?
Population characteristics (www.usa/com/rank)
- Population:
- Population growth:
- Population density:
- Population compared to other cities in state:
- Fast growing area?
Housing characteristics (www.census.gov/construction/nrc)
- Housing starts?
- Building permits?
- Analysis: Overbuilt Underbuilt Stable
Transportation
- Access to freeways?
- Access to public transportation?
- General road condition:
- Presence of major intersections?
Major local businesses (proximity 3 miles)
- Grocery store:
- Major retailer (Target, Walmart, etc.):
- Additional shopping:
- Restaurants:
Price-to-Rent Ratio (www.zillow.com/research/data)
- Median monthly rental price =
- Median sales price =
- P-R Ratio =
Vacancy rates:
Property tax rate:
100-year floodplain? (https://msc.fema.gov/portal/search#searchresultsanchor): Yes No