So Im pretty new to the BP community and recently stumbled upon Mashvisor, a website similar to Zillow, Realtor and typical MLS websites only its dedicated to investors, running the comps and showing potential returns/COC scenarios etc.
Wondering if anyone else uses this and if you find it accurate? They use assumed interest rates, rent rates etc but wondering how accurate they are or if i should just run my own numbers only! I love the idea of it as it gives you an instant idea if a property is worth pursuing or not!
@Colin M. - I just checked it out after seeing your post.
While I like the concept and thinking it could be a useful tool where everything is setup for an investor, I found their numbers to be misleading. When searching for "Traditional" (Buy and Hold) rentals, the top listings either greatly under estimated the rehab costs or seemed to have an inflated rental rate. (Looks like all their data is coming from Zillow). When you adjust the numbers, their "good deals" don't look so good anymore.
To make it useful, the user still needs to be reviewing all numbers and adjusting them to the proper amounts. So to me it is still not a "one stop shop" when researching, but again it is a nice concept for those that don't already have spreadsheets/calculators and a research system in place.
Someone who is more active in the short term rental market here might have a better review on their AirBnB estimates.
That's my 2 cents at least after doing a few searches.