Re:Show HN: Find Where to Buy Investment Property
by plat12 on Tuesday September 22, 2020 @08:27PM
(#24561602)
Agree that the raw data is easily available. However, I couldn't find any great free interactive maps/tools combining this data at a national level.
In addition, going from price and rent to cap rate is already relatively complicated, as expenses (such as property management, homeowners' insurance, repairs, ...) have a sub-linear dependence on price or rent. This sub-linear dependence is included in the map. Using a fixed-percent model for these expenses will artificially inflate C-class cap rates, while artificially deflating A-class cap rates.
Planned additions:
1. Filters - To answer more complex questions
2. Landlord/Tenant-Friendly States (also fiscal solvency of states ... to estimate risk of property taxes rising rapidly)
In addition, going from price and rent to cap rate is already relatively complicated, as expenses (such as property management, homeowners' insurance, repairs, ...) have a sub-linear dependence on price or rent. This sub-linear dependence is included in the map. Using a fixed-percent model for these expenses will artificially inflate C-class cap rates, while artificially deflating A-class cap rates.
Planned additions:
1. Filters - To answer more complex questions
2. Landlord/Tenant-Friendly States (also fiscal solvency of states ... to estimate risk of property taxes rising rapidly)
[edit: formatting]