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Updated about 4 years ago,

User Stats

7
Posts
3
Votes
Jason Cote
  • Rental Property Investor
3
Votes |
7
Posts

Are there deals on Zillow?

Jason Cote
  • Rental Property Investor
Posted

Are there deals on Zillow?

Or is this a tool better used to simply explore markets to better understand market conditions?

For example I know my area very well as I have lived here for the past 20 years and I'm very familiar with what rent prices are around here.

So as I scroll through Zillow I see single family or even multi-family properties for sale and when you do the math to figure out an approximate monthly payment I often notice that the rent for that kind of place is much higher than the estimated monthly payment would be.

For example I often see single family homes that boil down to roughly $1,000 a month when I know a unit like it rents for anywhere between 1500 to 2000 some requiring rehab some not.

Of course you have to factor in savings for repairs and what not but it seems to me that right off the bat this kind of situation offers a lot of wiggle room for potential cash flow.

Would love to hear anyone's advice on this!

Also if you live in the Northwest Arkansas Area please contact me whether you are an investor, an agent, a contractor or whatever it may be.

I would love to connect with you, network and start growing my community to be involved in the local areas real estate market as I think it could be beneficial for everyone involved.

Thank you.

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