top of page
Search

What is an Income Property?

  • Writer: Kirsten Dunlap
    Kirsten Dunlap
  • Feb 27, 2023
  • 1 min read

An income property refers to a piece of real estate that is purchased or developed primarily in order to earn income by renting or leasing it out to others, with a secondary goal of price appreciation. Income properties, which are a subset of investment properties, may be either residential or commercial.

Investors must take several factors into consideration when considering an investment loan—such as interest rates and the housing market environment—before purchasing an income property, as there can be unique risks associated with this kind of investment.

KEY TAKEAWAYS

  • An income property is purchased or developed to earn income by renting or leasing it out to others or through price appreciation.

  • Income properties may be both commercial and residential.

  • Owners should have a financial cushion to pay for repairs, maintenance, and other costs such as property taxes in case of emergency.

  • Although they may generate income, owners should consider the risks including interest rates, housing market conditions, and disruptive tenants.

 
 
Contact Hawk Funding Group

Contact Us

Phone

Email

Apply Now!

PRIVACY POLICY

Disclaimer: Certain loans not available where prohibited by law, or in states where Hawk Funding Group, LLC does not trade. Residential loans are available only on non-owner occupied real property. Information, rates, and pricing are subject to change without prior notice. All loans subject to borrowers and underlying collateral meeting Hawk Funding Group and/or assigns then-current underwriting criteria. Other restrictions apply.

©2024 by Hawk Funding Group, LLC Proudly created with Wix.com

bottom of page