How to make an Informed Decision Buying a Condo With High Rental Income

To a new real estate investor, it may seem like only luck would find you an income property with high rental incomebecause there are plenty of attractive condo buildings on the market at prime locations that might bring you low or negative rental income.

   Yes, experience in real estate is helpful but the main factors that give you a reasonable assurance that your investment decision is successful are based on numbers and analysis. Real estate analysis is something anyone can learn to do quickly, and you can get better results with time. You can find a great highly profitable condo whether it is your 1st or 10th rental property because it does not require experience if you have reliable data for decision making. 

What Is the Traditional Approach To Finding Properties With High Rental Income 

• Start an investment property search (browse listings, look at photos, take note of the properties you like)
• Estimate rental revenue (find market data on past rental prices in that building or neighbourhood to estimate revenue and occupancy rate, find numbers reflecting historical market value growth)
• Conduct rental property analysis: calculate Capitalization Rate (Net Rental Income, % of investment), Market Value Growth, Return on Investment, etc.

But take into account that there are a great deal of factors that influence Capitalization Rate (Net Rental Income, as % of Investment), and, as we have revealed, the main one being maintenance fee that can differ dramatically from building to building. Gathering data, doing complicated calculations and comparisons, and conducting rental property analysis might overwhelm you.

What “Condo Business Intelligence” Offers You In Order To Find Properties with High Rental Income, High Market Value Annual Growth And Potential To Be Sold Fast 

This process is made simple with the help of our Condo Rankings. With this tool you do not have to look and calculate any further. Condo Benchmarkingwebsite (Part of Condo BI Solution) provides you with major numbers you need to find rental properties that promise you high rental income.

How does it work?

We organized all the data into interactive ranking by cities, neighbourhoods, basing on Key Performance Indicators to help user choose the best neighbourhood and condo by indicator of user’s choice. Just 3 simple steps will help user select the right condo building and see what is listed: