Before we go into any project we price the existing comparable set of new construction projects delivered in a trailing 12 months compared to the market or zip code averages as well.

@Tyler Garza  comparable sales.

Hello, When running sales comparables to find the value of a subject property, how much of a time difference in terms of year built should the subject property and the sales comparable have been built from each other?

Hi Shelby To determine rental prices and demand in a neighborhood, start by researching comparable rentals in the area, focusing on properties of similar size, type, and amenities.

Quote from @Evan Murphy: I agree with Davids point of considering where you want to invest compared to where you live.

It doesn't help that interest rates are relatively high compared to the last few years and seem to be going up with the new inflation news and such. 

But I don’t want to trade my time managing a business for a relatively small net income.The mistake many people make is comparing a real estate investment returns with a real estate business returns.  

Costs a fraction of the funds compared to hiring a cold call agency.

Washington, DC Real Estate Market Update: January 2025📊 Market Trends:New Listings: Increased by 135 units (14.49%) compared to January 2024.Listed Median Price: Rose by $25,000 (4%) to $650,000.Units Sold: Went up by 87 units (23.58%) from last year.Sold Median Price: Decreased by $54,000 (8.93%) to $551,000.🏠 Mortgage Rates:January 2025: 30-Year FRM: 6.93%, 15-Year FRM: 6.14%January 2024: 30-Year FRM: 6.62%, 15-Year FRM: 5.89%Summary: The increase in new listings indicates a rise in supply year-over-year.

For a 2 unit, an appraiser will rely on comparable sales, but an investor looking for cash-flow may care more about income.