Wholesaler · Denver, CO · Member since 2013 · 126 posts · 39 votes
I'm looking to buy property in Phoenix metro. When I see a listing, I have to type all that info into Property Evaluator app to get cap rate, cash on cash % and all the other numbers. It takes forever. Is there a site/app that can evaluate all the listings and bring in projected rents (rent range etc), current rates from local banks, insurance quotes etc to get cash flow and all the other numbers? There has got to be a better way than evaluating these properties one by one.
There's no perfect solution. I like IRR.com's Viewpoint guide to get a sense of what's going on a market. http://thecaprate.com/ has a pretty cool online tool as well.
Thanks Jeremy. There used to be a great site called Investor Loft where you could sort by cap rate and cash on cash return, but its no longer around. Whoever comes up with a similar site is going to be rich.
put together a spreadsheet? I'm working on my own. So far have cap, coc, and roi in columns for each propert/row I input. Not bothering with irr at this point tho but with it's complexity looks like it should have it's own little section but there are excel functions for it.
FYI Investability.com is a nice start. If they can tie into the MLS that would be a game changer. Investors would be able to scan and sort an MSA in an instant.