Based on the address provided, the app helps to get the most critical information on closing a Residential Real Estate deal in USA.
- Automated calculation of potential Rent price for Multi and Single family properties.
- App identifies whether it is Single-Family or Multi-Family property
- Rent estimates for Single-Family properties
- Shows # of Beds, Baths, Year built
- Ability to locate # of Units for some properties
- Pre-set national average cost to maintain Residential Real Estate properties that includes:
Out of 100% Gross Potential Rent (GPR)
- Losses Vacancy 4.8%
- Collection Losses 0.6%
- Losses of Concessions 0.6%
- Total Revenue 94.0%
Operating Expenses:
- Insurance 1.4%
- Taxes 8.1%
- Utilities 2.2%
- Management Fees 10.0%
- Administrative 1.8%
- Marketing 2.9%
- Contract Services 4.1%
- Repair and Maintenance 3.3%
Total Operating Expenses 33.8%
Net Operating Income 60.2%
- Capital Expenditures 12.5%
Net income per month 47.70%
We use this app for ourselves to buy properties, we are welcome you to leave feedback and suggest new features at the top right corner of the app.
Terms of Use (EULA): https://www.apple.com/legal/internet-services/itunes/dev/stdeula/
Thank you,
Wixfi Team.