Find rental rates for properties
Introduction
Determining what kind of rental income an apartment building or multi-family home can produce is a significant factor in deciding to invest in or underwrite a rental property. Datafiniti can provide current and historical rental rates for any given property.
Finding a specific property
To search for a specific property, start by searching for that property's address, like so:
{
"query": "address:\"7325 SW 82nd St\" AND city:Miami AND province:FL",
"num_records": 1
}
Address normalization
Datafiniti uses our own street name normalization. Converting
street
tost
,drive
todr
, etc, you can learn more about our address normalization here: Normalized Property Addresses
Analyzing the property matches
The above query will return a response like so (abbreviated record shown):
{
"num_found": 35,
"total_cost": 1,
"records": [
{
"address": "7325 SW 82nd St",
"buildingName": "Bermuda Villas Apartments",
"city": "Miami",
"country": "US",
"dateAdded": "2015-10-26T21:25:35Z",
"dateUpdated": "2023-04-05T05:00:10Z",
"floorSizeValue": 723,
"floorSizeUnit": "sqft",
"geoLocation": "POINT (-80.312377929 25.694877624)",
"leasingTerms": [
{
"dateSeen": "2015-10-26T21:25:35Z",
"value": "12 Months"
}
],
"lotSizeValue": 6.73,
"lotSizeUnit": "acs",
"mostRecentStatus": "Rental",
"mostRecentStatusFirstDateSeen": "2022-02-10T00:00:00.000Z",
"numBathroom": 1,
"numBedroom": 1,
"numFloor": 2,
"numUnit": 20,
"prices": [
{
"amountMax": 1375,
"amountMin": 1175,
"availability": "true",
"currency": "USD",
"dateSeen": [
"2020-01-29T09:29:00.000Z"
]
},
{
"amountMax": 2399,
"amountMin": 2399,
"currency": "USD",
"dateSeen": [
"2023-04-05T05:00:00.000Z"
]
}
],
"propertyType": "Multi-Family Dwelling",
"province": "FL",
"statuses": [
{
"dateSeen": [
"2021-01-16T12:42:00.000Z"
],
"firstDateSeen": "2021-01-16T12:42:00.000Z",
"lastDateSeen": "2021-01-20T00:12:00.000Z",
"type": "Sold"
},
{
"dateSeen": [
"2021-04-22T21:45:00.000Z"
],
"firstDateSeen": "2021-04-22T21:45:00.000Z",
"lastDateSeen": "2022-01-01T22:16:00.000Z",
"type": "Rental"
},
{
"dateSeen": [
"2023-04-05T05:00:10.627Z"
],
"type": "Rental"
}
]
}
]
}
There are a couple important things to understand about this response:
The num_found
is 35. This means there are 35 matching properties at this address. This makes sense, because the address is the location of an apartment complex with multiple units. Datafiniti has split out each unit into separate records.
The rental prices are available in the prices
array. Looking through the list of prices, we can see various objects. Each one contains a specific price and the date when that price was seen. We can use this information to determine the rentable value of the property. By looking at all the properties' prices, we can determine how much income could be generated from this complex.
Find the most recent rental price
While we have a historical record of rental prices in the prices
field, we also have a field dedicated to the most recent rental price amount. This field being mostRecentRentalPriceAmount
. Let see what that looks like in comparison to this historical data.
mostRecentRentalPriceAmount vs mostRecentPriceAmount
Please note that
mostRecentPriceAmount
no longer contains a rental price ifmostRecentRentalPriceAmount
is populated in the record.
We will update the previous query to show properties with mostRecentRentalPriceAmount
populated:
{
"query": "country:US AND city:Miami AND province:FL AND mostRecentRentalPriceAmount:*",
"num_records":10
}
This is a snippet of the result you will see:
{
"mostRecentPriceAmount": 6500,
"mostRecentPriceDomain": "www.nestfully.com",
"mostRecentPriceFirstDateSeen": "2024-06-13T11:03:33.663Z",
"mostRecentRentalPriceAmount": 8940,
"mostRecentRentalPricePeriod": "Per Month",
"mostRecentRentalPriceDomain": "www.apartmentguide.com",
"mostRecentRentalPriceFirstDateSeen": "2024-02-28T08:09:11.463Z",
}
You can also find the mostRecentRentalPriceAmount
in our prices field.
{
"amountMax": 8940,
"amountMin": 8940,
"currency": "USD",
"dateSeen": [
"2024-02-28T23:40:24.123Z",
"2024-02-28T08:09:11.463Z"
],
"firstDateSeen": "2024-02-28T08:09:11.463Z",
"lastDateSeen": "2024-02-28T23:40:24.123Z",
"domains": [
"www.apartmentguide.com"
],
"isSale": "true",
"period": "Per Month",
"pricePerSquareFoot": 5.32
},
Additional information
There are a number of other fields returned for each property that can be useful when determining the value of a rental property. Any of these fields may affect an investment or underwriting decision:
floorSizeValue
andfloorSizeUnit
- These show the size of the individual units.numBathroom
andnumBedroom
numFloor
parking
petPolicy
propertyTaxes
yearBuilt
Example Records
Here are example bulk download files of our previous query:
Conclusion
With multiple records from the same area, you can compare and find rental property that fits into your use case. Compare Price, search availability, and look up move in dates using this report.
Updated 13 days ago