All it means is that at those pro-forma numbers, that house *seems* to have a higher likelihood of cashflowing than the other houses since the rent numbers are relatively higher than the expense numbers comapred to the other properties, which can be useful for determining what properties are worth your time to put in a full analysis on, or running super-basic numbers in your head while driving around to get a vague idea of a property's potential.The 2% rule of thumb is often believed to really start losing effectiveness/accuracy after roughly $150,000-$200,000 price points.

my favorite has always been listsource.com  fairly priced compared to the rest of the market (I have tried a ton) and pretty darn good accuracy/deliverability rate.

Its all about efficiency and accuracy and with what he will be giving out will assure you that you will be confident in your rehab numbers.  

I think you will find your next investment property pursuit will have a much more favorable interest rate and you will be more aware of the financing in general and be able to predict your bottom line after closing the finance with a bit more accuracy! 

The accuracy of online numbers is hit or miss though but it's a numbers game. 

I've just noticed that Redfin's value estimating tool, wherein you could select your own comps for accuracy, etc, appears to be a thing of the past.

Originally posted by Ryan Weber:What I do care about is if what you are saying is accurate or not.Oh no, the accuracy police!

But most MLSes have rules that must be followed regarding the completeness and accuracy of the info, so I would expect that the broker would want to enter the data themselves.

I'd be interested to hear from a WA broker on this if someone knows the accuracy of this.Also, some states have Distressed Property Laws.

And verify the property tax bill by checking the tax assessor's website; because the MLS always has a disclaimer as to accuracy of nay numbers being given.My guess as to why it is still on the market: owner paid heat, due to only one central heating system - and if you find that the heating fuel is oil, you have another knock against this property.