There are 5 names in this directory beginning with the letter I.
Income Property
Property bought or developed to earn income through rental income or home price appreciation. Income property can be residential or commercial. Residential income property is commonly referred to as “non-owner occupied.”
Initial Investment
This is the estimated amount of capital needed to purchase the property. This amount includes: your down payment, loan & acquisition fees, and closing costs.
Insurance (Landlord or Property Insurance
An insurance policy that includes coverage for a comprehensive list of causes of loss and replacement cost settlement. Landlord policies sometimes provide coverage for lost rent in the event a covered loss occurs.
Internal Rate of Return (IRR)
A measure of annualized net return on an equity investment. Equals the discount rate at which the sum of the present value of all cash flows is zero. Calculation is based on actual and budgeted values.
Investment Property
A real estate property that has been purchased with the intention of earning a return on the property, either through rent (income), the future resale of the property, or both. An investment property can be a long-term endeavor, such as a Single-Family Rental home, or a short-term investment in the case of flipping (where a property is bought, remodeled or renovated, and sold at a profit).