Michael Blank Deal Analyzer
Hello everyone , I am using the Michael blank deal analyzer to evaluate multi family properties in NC,TX,GA,SC,UT,TN,AL. I use the LRO to get snapshots of each market and the snapshot gives me Occupancy %,Effective Rent ,Annual Rent Change, Concessions, Supply, Absorption,Existing Units + the Michael Blank Deal Analyzer + rentometer + Marcus and Millichap + Milken Institute( for more accurate market info ). I know some say LoopNet is where deals go to die but I use that to get the broker information in each market I'm looking in and also to evaluate and underwrite. My question is to anyone who uses rentometer from your experience how accurate is that information and any tips on using the analyzer from those who use the software or similar excel software any tips you can give me would be very appreciated. I focus primarily on investor returns cash on cash min 9% , IRR 12%-15% , AAR 10%-17% , 8% COC , are these numbers solid? Please any advice would help.