Description
Real Estate IQ has developed a proprietary engine that constantly monitors the major Texas Metropolitan Areas to give you a leg up in this highly competitive rental market. This engine looks for the best residential investment deals, and sends them to you when they hit the market, 24/7. These types of properties are great for buy & hold investors, or buyers who would like to own a 2nd, 3rd or 4th home and start building a portfolio of real estate investments.
Based on MLS rental comps, the rental CMA calculates the rental index to tell you if the property’s estimated monthly rental income can pay for all of the expenses of owning the property. The rental index(TM), is a percentage of the list or purchase price that can be recovered in monthly rent. For example, a rental index of 1.0 indicates that if you purchase a property for $150,000, you should be able to rent it out for $1500 per month. This one simple number indicates the ROI of an investment property and can tell you if it could be a good buy-and-hold deal.
Each circle on the Heat Map below represents a rental property found in the last 30 days. The size of each circle reflects the rental index – the bigger the circle, the larger the potential cash flow the property can generate.
