An investor / buyer needs to know two things:
1) How does the list price match up to the expected rents?
2) Is it priced right? (CMA)
1) How does the list price match up to the expected rents?
In MLS search status: “Rented” for the subdivision where subject house is for sale. For example: If house for sale is at $300,000 and the expected rental income for a similar house ( Rented status) is showing $1200 that does not sound good.
Now, if in another neighborhood the house is $300,000 and the rented prices are $2200, that sounds much better. Thus a good investment for the investor / buyer.
Do this in several neighborhoods and find the best.
Search “Rented” with rent prices about $2,000-$3,000. Then check them against what those homes are selling for.
2) Is it priced right? Do a CMA ( Comparable Market Analysis)
A CMA is looking at both For Sale homes and Sold homes. (Appraisers only look at Solds.)
If the subject house has a model name, Search for same “model name”. They are exact duplicates, except for interior finishings, so exceptional comp. Otherwise search subject subdivision or (near by) for the same number of bedrooms and baths, basement etc. and compare prices.
Note: Listing agents typically do a CMA to price it right.
Typically list prices are pretty close to correct because the listing agent would want to list at a price that can not only sell, but that will also appraise.
I would set up my saved auto search for my investor client where the list price is low ($300,000-$400,000) and the “rented “prices are high.