The passive income that a rental property offers makes it a very appealing investment for many. However, before choosing to invest in any rental property, it is important to determine whether that property is profitable on its own and how profitable it is when compared to what other rental properties have to offer.
In this article, we will look at different measures that present the profitability of rental properties, how to calculate them, and the factors that affect each measure.
To get a full picture of what a rental property has to offer, an investor should start by estimating the net operating income the property would generate.…
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