Free Investment Properties AI CMA Report Generator (2026)

Investment CMAs focus on income potential and returns, not just market value. Include rental income analysis, cap rates, cash flow projections, and comparable investor sales. Traditional CMAs emphasize comparable sales prices. Investors care about net operating income, cash-on-cash returns, and appreciation potential—financial metrics over aesthetics.

Cap rate = Net Operating Income (NOI) / Purchase Price. NOI = Gross rental income minus operating expenses (property taxes, insurance, maintenance, property management, vacancy allowance). Do not deduct mortgage payments. Compare subject property cap rate to recent comparable investment sales. Higher cap rates indicate better returns but may signal higher risk.

Yes, for investors planning renovations. Provide two valuations: current as-is value based on condition, and after-repair value (ARV) assuming renovations are completed. Show comparable renovated sales, estimate rehab costs, and calculate potential profit margin. Be conservative with ARV projections to avoid misleading investors.

Use Zillow, Rentometer, and local rental listing sites for current asking rents. Check with property management companies for actual leased rates (asking rents may differ from closed leases). Review county records for rental registration data if available. Include 3-5 comparable rentals with similar bed/bath counts, size, and location.

Include property taxes, insurance, maintenance (1-2% of property value annually), property management (8-10% of gross rent), utilities if owner-paid, and vacancy allowance (5-10% of gross rent). Do not include mortgage payments (financing varies by investor). Provide expense estimates based on local market norms and property type.

Multi-family properties (5+ units) are valued primarily by income approach, not comparable sales. Calculate NOI from actual or projected rents, apply market cap rate to determine value. Use comparable multi-family sales to determine appropriate cap rate. Include rent rolls, occupancy rates, and operating expense ratios from comparable properties.