Rehab costsgo up by a few hundred dollars for every year old the house is. It is an estimate of what it might take to get the house rent-ready and also to replace any major items that might need to be replaced before you put the house into service as a rental, such as carpets, outdated kitchens and bathrooms, and deferred maintenance by the previous owner.
Estimated Monthly Rentyou can achieve, based upon actual rental contracts that have been signed in the area and the specifics of each house and its location. Over 30,000 rental comps per year across the Dallas-Fort Worth area, for example, are used to create this estimate. Our estimate is the rent you can get for the days-on-market that is typical of the location. To lease out your property faster, you will want to reduce rent a little, and this is recommended as vacancy costs you more lost revenue than having a slightly lower rent. In our product roadmap is a way to see even more exactly where you should set the rent to lease out more quickly.