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Updated about 10 years ago,
Analyzing Real Estate Properties When Rental Income Is Not Given
Hello All,
I am trying to analyze real estate deals in areas outside of NYC and a lot of the listings on Realtor.com or Zillow.com do not say how much the units in the multi family properties I am interested in, are renting out for. How could I analyze the property to see if it's a good deal without having that information?
I started searching craigslist and other websites for rentals in the areas that I am looking for, but since I do not know the areas as well as I should, how can I be sure that a 2 bedroom 1 bath apartment on ABC street should go for the same amount on XYZ street? Also, even if the listings do have the rental income for the units, how could I tell that it is accurate information? What do I need to do to get accurate info for my analysis?