In today’s world, every serious real estate investor should make use of real estate software. Having the right real estate investment tools will make your work easier and enhance your chances of closing another real estate deal. Whether it is conducting real estate market research, finding income property for sale, checking vacancy and occupancy rates or finding reliable property data, real estate investment tools can come in very handy. Rental property investors can find real estate investor software options that will boost their productivity and generate higher profits.
However, with so many options to choose from, selecting the best real estate investment software can be very confusing. Let me recommend a robust and proven tool for 2020 – Mashvisor.
What Is Mashvisor?
Mashvisor is a real estate platform that offers investors a wide range of real estate investor software. You can use Mashvisor to explore different housing markets, find investment properties for sale, and analyze their potential return on investment. Using data that is compiled from various reliable sources, you can analyze multiple properties at the same time. This not only saves you effort and time but also allows you to make informed investment decisions.
So, what makes Mashvisor stand out from its competitors? Most real estate investor websites only offer Airbnb data for vacation rental owners or a real estate database for traditional rental home investors. However, Mashvisor works as both a traditional and Airbnb analytics platform. You can compare the profitability of both real estate investment strategies to choose the best one.
To learn more about how we will help you make faster and smarter real estate investment decisions, click here.
Mashvisor’s Real Estate Investment Tools
Here are some tools including in Mashvisor’s real estate investor software:
1. The Search App
The first thing you need to do is create an account with Mashvisor.
When you open Mashvisor.com, the first thing you will see is an investment property search page. Type in the zip code, neighborhood or city where you are thinking of buying an investment property. If you don’t have an account already, you will be prompted to create one. After filling in all the details, you will see a list of properties with details such as:
- The address
- Current listing price
- Number of bathrooms
- Number of bedrooms
- Square feet
- Traditional cap rate
- Traditional cash on cash return
- Airbnb cap rate
- Airbnb cash on cash return
The search app also comes with filters that investors can use to personalize their property search. For example, you can filter your search by property type (condo, multi family home, townhouse, single family home or other). In addition, you can filter by property status (foreclosure, pending, sold or for sale). This saves you from wasting time browsing through numerous property listings that are not relevant.
The great thing about Mashvisor is that you can customize your search using the finest details. For example, you might be looking for income properties that:
- Fit your budget of $250,000
- Have 2 bathrooms and 5 bedrooms
- Were built after 1995
- Are between 1,800 and 3,200 square feet
- Have a cash on cash return over 8% (using a 25 year fixed mortgage)
Simply set the filters and you will instantly be shown your ideal investment property.
2. The Heatmap Analysis Tool
The real estate heatmap helps investors find the best places to invest in real estate using heat map analysis. You can fine-tune your search using the following filters:
- Listing price
- Traditional cash on cash return
- Airbnb cash on cash return
- Airbnb rental income
- Traditional rental income
- Airbnb occupancy rate
As you set a filter, the map will display different color codes for different areas. Green means high and red means low. For instance, if you are searching for low-priced properties with a high ROI, look in neighborhoods that are green for occupancy rate and rental income, and red for listing price.
Mashvisor’s Heatmap Analysis Tool
Related: Find the Best Investment Properties Using Heat Map Analysis
3. The Neighborhood Analysis Page
Before buying rental property, you need to check out the neighborhood in more detail to determine if investment there makes sense. After finding a few good neighborhoods using the heatmap, check out each neighborhood’s analysis page. This aspect of Mashvisor’s real estate investor software offers metrics such as:
- Mashmeter (a score for investment potential)
- Median property price
- Average square foot/price
- Traditional and Airbnb rental income
- Traditional and Airbnb cash on cash return
- Number of properties
- Airbnb occupancy rate
- Optimal rental strategy
- Walk score
- Rent analysis
- Real estate comps
Related: Neighborhood Analysis in Real Estate Investing
4. The Mashvisor Property Marketplace
Looking for off-market properties? The Mashvisor Property Marketplace is the perfect real estate investor software for finding off-market real estate. You will find a wide range of properties including tenant-occupied rentals, foreclosures, short sales, and bank-owned homes.
Just like the other tools, the Property Marketplace comes with great filters for narrowing down your search. You can even analyze the investment potential of property using metrics such as cash flow, cap rate, cash on cash return, and monthly expenses.
Mashvisor’s Property Marketplace
5. The Rental Property Finder
This real estate investor software allows users to make informed investment choices based on predictive analytics. Using AI, the rental property finder finds the best rental properties you should invest in based on the behavioral, financial, and social patterns that you share with other investors as well as the filters you set. Some of the filters you can use for customization include budget, miles, location, rental strategy, number of bathrooms and number of bedrooms.
Mashvisor’s Rental Property Finder
Related: Rental Property Finder: A Revolutionary Tool for Investing in Real Estate
6. The Investment Property Calculator
Investment property analysis involves evaluating an income property to establish its viability for investing. This analysis is both qualitative and quantitative. Some of the quantitative metrics used include cash flow, cap rate, and cash on cash return. Using Mashvisor’s real estate investment calculator, you can look for and locate investments using these exact specifications and more in minutes.
Mashvisor’s Investment Property Calculator
Get Started with the Best Real Estate Investor Software Now
No matter your experience, capacity or rental investment strategy, you will find real estate investment software that is designed to meet your needs. If you are still not sure where to buy real estate investor software, Mashvisor’s tools are highly recommended.
Start out your 14-day free trial with Mashvisor now.