What's your Neighborhood's Income?

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  • Опубліковано 20 гру 2019
  • In this video I wanted to share RentHub's Heat Map (link below) which allows real estate investors to understand a specific areas median income, which is important for understanding what rent amount will correlate with that area's median income. Typically property managers will want to see 3x the amount of monthly rent in gross income, meaning that if your rent is $1,000 a month you should be grossing $3,000 a month in rent.
    Also this is useful as a starting point to find areas of opportunity for potential rent growth or price appreciation.
    renthub.com/maps/cbsa_census_...

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