“How do I find a profitable rental property for sale near me?” This is one of the most common questions that beginner real estate investors ask. With the vast array of rental properties for sale in the US housing market, it can be difficult to locate the perfect rental property for sale that is in line with your budget and investment goals. Traditionally, it’s been a process that needs a lot of research, time, and some level of experience.
However, with the advancement of technology, it’s now possible to find a rental property online in a matter of minutes. If you are looking to buy rental property in the US housing market, one of the best websites to find rental property for sale is Mashvisor.
Related: Finding an Investment Property: Traditional vs. Mashvisor
To find the best rental property in your target housing market, there’s one revolutionary Mashvisor tool that you should turn to – the Property Finder. With this tool, you can quickly and easily find the perfect rental property for sale regardless of your real estate experience. It’s actually a must-have tool for every beginner real estate investor.
Mashvisor’s Rental Property Finder: How Does It Work?
Mashvisor’s Rental Property Finder
The Rental Property Finder is one of the real estate investment tools that Mashvisor’s subscribers can gain access to. With this investment property search tool, anyone can quickly and easily find a rental property for sale that matches their search criteria and investment goals. This is possible because the tool uses revolutionary machine learning algorithms and predictive analytics. This levels the playing field for both experienced and beginner investors.
The Rental Property Finder’s AI looks at the user’s patterns, search history, and other personalized factors and uses it to find the most suitable investment properties for the user. In essence, the more often you use the Property Finder and the more data you key in, the more accurate your property search results will be. Moreover, based on your financial, social, and behavioral patterns, the AI will factor in the rental properties for sale that similar users were interested in.
And thanks to Mashvisor’s predictive analytics, the Rental Property Finder will provide you with a list of suitable rental properties with the highest potential for profits in terms of metrics like cash on cash return, rental income, and more.
Related: 6 Must-Have Real Estate Investment Tools
How to Use the Rental Property Finder
The Property Finder is user-friendly and is designed around the concept of simplicity. Many complex filters can be confusing to beginner investors and this is the problem that the Rental Property Finder solves. You only have to set a couple of interactive property search filters (mandatory and optional) and the AI will do the work for you.
Step #1 is to sign up for Mashvisor. Click here to get started.
When using the Rental Property Finder, you’ll use the following property search filters to customize your search results:
Mandatory Filters
- Location: The most important factor to consider when searching for a rental property for sale is location. The Rental Property Finder allows you to select multiple cities (depending on your Mashvisor Plan). This feature will save you a lot of time since you can search for rental properties for sale across multiple cities at once.
Optional Filters
If you want to customize your search further, you can use the following filters:
- Miles: This filter only works when you have selected one city. You can use it to set the radius of your search.
- Budget: With this filter, the Rental Property Finder allows you to specify your target price range when doing your property search. You do this by setting your minimum and maximum price points.
- Rental Strategy: While on the default setting, the Rental Property Finder will show the most profitable rental properties regardless of the rental strategy. However, you can use this filter to customize your property search to only Airbnb rental properties or long term rental properties.
Related: What Rental Strategy to Choose: Airbnb vs Renting Out Traditionally?
- Type of Property: On the default setting, the Rental Property Finder will search for all types of rental property for sale. However, if you have a particular type of property in mind (single family, multi family, condo, etc.), you can use this filter to narrow down your search results.
- Number of Bedrooms
- Number of Bathrooms
After setting the property search filters, the tool will provide you with a list of rental properties for sale. The properties you’ll see on the Rental Property Finder page are guaranteed to meet your expectations in terms of the listing price, property type, optimal rental strategy, market availability, and return on investment. They will be automatically sorted based on their potential ROI.
You’ll also view basic information about each listing. This includes the address, list price, estimated value, traditional cash on cash return, and Airbnb cash on cash return of the rental property for sale.
Once you have identified a rental property for sale that you like, you can save it if you want to view it later. You can also ‘dislike’ any rental property for sale that doesn’t impress you to remove it from the suggestion list.
The Next Step: Rental Property Analysis
Another good thing about Mashvisor’s Rental Property Finder is the ability to quickly analyze suggested rental properties. Once you’ve selected a rental property for sale from the suggestion list, you can get to its analytics page and gain invaluable insights on it.
You’ll be able to access the rental property calculator or Airbnb calculator, an interactive tool that determines the profitability of a rental property for sale using a number of metrics such as rental income, cash flow, cap rate, cash on cash return, and occupancy rate. You can compare multiple properties and determine the best performing rental property for sale to invest in. With Mashvisor’s rental property calculator, you can be sure that your money won’t go to waste.
The Bottom Line
If you are a beginner investor looking to buy a rental property, having a good investment property search tool can mean the difference between your success and failure. Mashvisor’s Rental Property Finder is specially designed to help anyone find a rental property for sale that matches their search criteria and investment goals regardless of their experience level.
Using the Rental Property Finder saves you a lot of time that you would have otherwise spent searching for a rental property for sale using traditional methods. No more searching and no more spreadsheets. Sign up now to access this powerful tool.