Finding A Good Rental Area

A good rental area is where tenants are plentiful and can afford the rent, and there is not an oversupply of rental housing. How do you find such an area? 

Here are some important tips:

Jobs & Employers

1. First, look for an area where there are many employers to provide a steady base of employed tenants! 

Avoid older homes

2. Avoid older homes. They tend to need more care for maintenance issues, such as plumbing, electrical, roof leaks, and worn-out appliances. 

3. Avoid large lots or large homes with pools. A big lot requires big maintenance. Also, when it comes to resale value, you will find that a big lot will provide only marginal returns for your money. 

4. Beware homes on busy streets! Proximity to high-traffic streets knocks down the value of the home. These houses may be attractive as rentals, but they can be difficult to resell later on. 

Rental Values

5. Finally, check out the rental values within the region. 

Source: Zillow

Sources:

Robert Irwin

Zillow Data

Explore Your Neighborhood & Discover Community Lifestyle

Location, Location, Location! From the buyers’ standpoint, location is the key to success in real estate investment. It’s always best to understand different aspects of the neighborhood and explore its characteristics such as school rank, crime rates, and other factors. For making better decisions, the following sources can help you to understand your neighborhood and its characteristics.   

Discover Community Lifestyle & Demographic Information

ESRI provides various data sources such as different consumer spending, demographic, lifestyle, and behavioral trends. The following link provides a comprehensive of neighborhood's characteristics. 

Enter a ZIP Code and pick some topics to see what the power of location can reveal about any place in the US. Explore up to 10 different consumer spending, demographic, lifestyle, and behavioral trends and tap into spatial analytics to see your neighborhood like never before. 

In "DATA" tab, you can select various topics such as Median Income,  Age, Population Density, Graduate and Professional Degrees. In "MAP" tab, you can see the location.  

Community Lifestyle and Demographic Information

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Explore Your Community’s Characteristics

Click Here & Start Exploring

More Information:

ESRI Demographic Information

Understand Your Neighborhood by Neighborhood Navigator

It’s always best to understand different aspects of the neighborhood and explore its characteristics such as school rank, crime rates, and other factors. For making better decisions, Neighborhood Navigator Tool provides detailed population, education, financial, environment, and crime information on over 30,000 communities nationwide.

Neighborhood Navigator

onboardinformatics.com

Click Here to Explore Your Neighborhood

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Onboard Informatics