When you're narrowing down the search for your next investment property, it's often helpful to compare two or more properties side-by-side to determine which one will be a better investment.
It's also helpful to compare how different acquisition strategies will impact your cash flow, profit and investment returns. For example, you may get very different returns when you buy a property with cash or use financing.
This guide will show you how to use DealCheck's property comparison tool to quickly view all relevant analysis metrics side-by-side for two or more properties.
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Selecting Properties to Compare
From Your Property List
You can select the properties you'd like to compare right from your property list.
First, click (or tap on mobile) on the property photo thumbnails from the list to select two or more properties:
Then click (or tap on mobile) the Compare button at the top right to launch the property comparison tool:
From the Property Analysis Pages
You can also open property comparison from each property's analysis pages.
To do this, navigate to one of your properties and click the Compare button from the quick action menu on the left side:
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Using the Property Comparison Tool
When you open the property comparison tool, you'll see the properties you have selected shown side-by-side, along with their purchase costs, rehab costs, financing, cash flow, profit and return calculations:
You can quickly change the properties you're comparing using the drop-down menus at the top:
And add new properties to the comparison table by selecting them using the drop-down menu at the top right:
Comparing properties side-by-side is not only a great way to find the best investment opportunities, but also to find winning acquisition, financing and operational strategies.
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โRead this guide to learn how to compare different scenarios and strategies for each property you're analyzing.
Note: the above screenshots were taken from our website, but the same features can be found in our iOS and Android apps as well.