Daily personalized real estate report

[Paul Jump]

I wrote a pretty cool script that allows me to surface real estate buying opportunities based on pretty much any characteristic.

For example: I wanted to know what homes in a given zip code could cover the cost of a mortgage with a rent roll (based on Zillow’s rent estimate).

I’ve been experimenting with many different parameters.

I’m no real estate expert but I am a software engineer by trade and I was wondering if the experts here:

What would be in your custom real estate report? 

How would you filter your results to find the perfect opportunity? 

With enough replies, I could build and share a really cool tool. 

[Joshua Ferrari]

@Paul Jump

My niche is multifamily syndications, and the data we look for in a deal is:

- Market Performance: Rent Growth, Market Vacancy, Long-Term Vacancy Average, Adverse Cycle Occupancy Bottom, Median Income, Employment Pool, Rent to Cost of Ownership, Income to Housing Cost Ratio, Market Rankings, Construction/Absorption Ratio, Pricing, Cap Rates, Trends in Capital Market, Etc. 

- Forecasted Market Performance of the Same

- Property Specific Performance: Asking Rents, Actual Rents, Vacancy, New Lease Trade-Outs, Average Vacant Days, Lease Terms, Retention Rates, Renewal Trade-Outs, Sales Record, Renovations Completed, Market Comparable Amenities based on Class of Asset, Revenue, Rent Roll, Trailing 12 Months of Operating Expenses, Property Taxes, Property Insurance, Market Trends of Specific Floor Plans, Etc. 

This is but a few of the major things we look at to be sure we are providing our investors with a solid investment that brings healthy returns. 

If you want to make a platform that can provide such information, I would recommend reviewing what RealPage has to offer. That's who we use for our data analytics software. 

Best of luck to you!