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Updated over 1 year ago, 04/03/2023
Tools use to analyze a property
Hello BP folks,
I live in Seattle and looking for my first investment property in Texas or Florida. I'm mostly focusing on SFH or 2-4 unit multi-family with a 450k budget. I need help with tools/websites used by other folks for the following purposes:
1. Cash flow: Website or tool to run property analyses and see if it is cash flow positive. I tried https://www.calculator.net because it's free but I'm sure there are better tools out there, maybe the one BP provides.
2. Area type: How to check if the property is in the A/B/C area?
3. Crime rate: What's acceptable in terms of crime rate? Let's say I target Orlando, what value is acceptable?
4. Rent estimate: Any good website to analyze the ballpark rent for the property?
I know most of the above things can be answered by my real estate agent and the property management company but I would love to run the numbers by myself to cross-verify.
Thanks,
Rachit