Did you know that two-thirds of net worth comes from real estate? That’s according to Kiplinger. And owning your home is a great way to build wealth. But what about an investment property to rent out? About one in every six or seven purchases are for an investment property. So how can you better evaluate the decision to enter the investment property market?
Whether you’re a realtor helping clients make this decision or a buyer interested in purchasing yourself, I have a new and unique tool that will calculate the return on an investment based on area-specific appreciation, rental rates, and costs to buy and sell.
Important metrics such as cash-on-cash return, as well as the compounded annual return over time, are easily illustrated to help you make better decisions on selecting the best opportunities in this market.