A rental comparative market analysis prices the RENT on a specific home from comparable nearby rentals, then carries that rent all the way down to cash flow. On the worked example at 8303 Briarwood Ln in Austin's 78757, 15 comparable rentals (12 off-market and 3 currently listed, plus 10 nearby active listings as competing supply) produced a $2,536–$2,893 per month band with a suggested rent of $2,618 per month. The band is comparable rent-per-square-foot percentiles — P25 $1.45/sqft, P50 $1.50/sqft, P75 $1.66/sqft — applied to the subject's 1,748 square feet, then a code-pinned condition adjustment. The landlord worksheet then subtracts 5% vacancy, management, maintenance and capital reserves, property tax and insurance to reach $29,845 of effective gross income, $20,424 of operating expenses and $9,421 of net operating income against a $285,000 basis — a 3.31% cap rate. The breakeven rent, at which annual cash flow is exactly zero, is $1,610 per month, $926 below the conservative end of the band. Every report includes the comparable-rentals table, a comp map, charts, a market rent trend, a leasing-seasonality read (April–June has averaged 69 days on market in this zip against 101 in December), a PDF export and a shareable link. Rental CMAs are included on the Investor plan and above and each report uses one report credit. A rental CMA is not an appraisal.
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