How To Analyze Portland Oregon Rental Properties

rental propertie

Portland Oregon Rental Properties continue to be smart investments because as the stock market fluctuates, income from rentals remains steady because people always need a place to live.

If you’re thinking about buying your first rental property in the PDX area, this article will share with you several tips that you can sue for analyzing Portland Oregon rentals.

Tips For Analyzing Portland Rental Properties

Single-family homes

Market “comps” determine the value of single-family homes, investment or not. These comps—or “comparables”—are nearby properties with similar characteristics. They share variables like floorplan, number of bedrooms and bathrooms, garage size, and amenities. A single-family investment home generally rises in value if a similar home is also rising in value—and vice versa.

Multi-unit properties

Larger investment properties—those with at least two units, and especially those with more than four—are priced and valued differently. The value equates directly to how much income or profit the property produces. It’s possible that an apartment building in a neighborhood where house prices are dropping could, in fact, increase in value.

You can’t just compare your apartment building to others down the street to see how much it’s worth. That’s why real estate investment analysis is so important.

There are several primary factors to consider, but cash flow and appreciation are the two most important variables. Cash flow is simply the money left after all the bills have been paid, and appreciation is the equity gained as the property value increases.

There are not a lot of great ways to estimate future appreciation without a crystal ball, so I generally choose to focus on the cash flow.

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Contact Rent Portland Homes

Property management is one of the keys to success with owning rental properties in Portland, Oregon, or elsewhere nationwide because a property management will handle the day-to-day responsibilities of managing your rental property so you can enjoy the passive income it produces.

To learn more about the property management services that we can offer you, contact us today by clicking here.

 

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