Online ROI calculator/property search
Hi All,
I am pretty new in the real estate industry and I have recently closed my first deal.
I have noticed that I spent a lot of time during the deal evaluations between:
- calculating the estimated rents
- checking property taxes
- neighborhood: vacancy rate, crime, eviction rate, etc
- average property management fees
- average repair costs
- mortgage rates
- condition of the property/repairs needed for rent readiness
- etc
I have a spreadsheet where I capture all the above in order to calculate the potential ROI (leveraged and not) but doing this for a lot of properties is pretty time consuming.
Most of the information above can also be easily found online by various means and this information could potentially be ingested by online services.
Does anyone know an online tool that would calculate estimated property ROIs with up to date/real information and potentially offer a property search based on ROI?
Thanks in advance!