A type of real estate that is purchased with the intention of earning income from it, usually through rental payments. This could include apartment buildings, retail spaces, and other properties that generate income for the owner. Income properties can include single family homes, multifamily apartments, commercial buildings, and storage units. These types of properties are attractive investments for many investors because they provide a steady income stream and are often less volatile than other types of investments. Income property can be a great way to build wealth over time and provide a retirement income.
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What does income property mean?
Related terms
Good faith Estimate
Mixed-Income Housing
Real Estate Investment Trusts (REITs)
Negative Amortization
Property Report
Legal Blemish
Investment Related Savings
Closing Statement
Net Cash Flow
Loan Constant
Building Inspector
Loan-To-Value-Ratio (LTV)
Before-Tax Income
Origination Fee
Asbestos
Planned Communities
Repossession
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