When analyzing rental properties and BRRRR's, you'll need to estimate the potential gross rent each property will be able to generate. This will help you calculate the net operating income (NOI) and cash flow of your properties more accurately.
DealCheck makes it easy to view recent comparable rental listings for each property, their average listed rent, as well as the estimated rent of the property you're analyzing based on its living area.
Step 1: Open the Rental Comps & Rent Page for a Property
Go to one of your rental properties or BRRRR's and click the Rental Comps & Rent link from the menu on the left side:
Step 2: View Recent Comparable Rental Listings
You'll see a list and a map of up to 20 recent rental comps, including their address, description, distance and rental listing information:
Please note that you're limited to viewing 5 comps on our free plan. Upgrade to DealCheck Plus or Pro to view the full list.
Step 3: View Rent Statistics & Estimates
In addition to a list of comps, you'll see their average listed rent, an automated rent estimate of the subject property, and the estimated rent of the subject property based on its living area and the average rent per square foot of its comps:
Tip: You can update the current gross rent of the property right on this page, based on the estimates available to you.
With the DealCheck Pro upgrade, you can select which comps are included in the above calculations by checking or unchecking their checkmark:
Step 4: Add Rental Comps to Your Property Reports
You can include a page with the recent comparable rental listings and rent estimates when you create a PDF report for each rental property or BRRRR.
To enable this, turn on the Include Rental Comps toggle under Report Sections:
The next time you generate a PDF report for that property, you'll see rental comps added on a separate page: