A property analysis software is an online platform that acts as an advisor and a best friend for real estate investors looking to buy an investment property.
In today’s real estate market, property investors often find themselves handling most aspects related to their investment using online platforms. One of these platforms, the property analysis software, is a tool that allows real estate investors to find, analyze, and compare investment properties to identify the ones that match their investment needs.
In this article, I will be talking about a specific property analysis software, Mashvisor, and the tools and features it includes to make the life of real estate investors easier and allow them to make wise investment decisions quickly and with ease.
Property Analysis Software – Mashvisor’s Platform
Mashvisor is an online real estate analytics platform that uses predictive analytics and machine learning algorithms to help real estate investors in the processes of finding, analyzing, and comparing large numbers of investment properties to determine their investment potential and find the perfect property to invest their money in.
This tool specializes in rental property analysis, and it will compare both rental strategies (short-term rentals and long-term rentals) for all properties listed for sale, allowing the user to easily determine the best rental strategy to use and the amount of money that can be generated from each strategy and each property.
As a property analysis software, Mashvisor includes a wide selection of tools and features that can be used during the different stages of a real estate investment.
These tools can be sized down to the following:
So, let’s delve deeper into these features and what they can do for you.
To learn more about how we will help you make faster and smarter real estate investment decisions, click here.
Property Search Tools
The name Mashvisor comes from two words: Mash and advisor.
By mashing bulk data and making sense of it using predictive analytics methods, this property analysis software is able to advise the user on the best properties to invest in based on their own search criteria and investment goals.
Mashvisor’s property search tools utilize the analytics part of the software to provide the users with search filters that they can’t find anywhere else.
The typical property search software will allow the user to search for investment properties based on their type, price, status, size, and other characteristics related to the property design.
However, Mashvisor includes all of these filters, but it also includes filters related to the investment property analytics to allow the user to search for rental properties based on their rental income, return on investment (using Cap Rate and Cash on Cash Return metrics), as well as their occupancy rate.
This makes Mashvisor unique because it allows people to search for properties based on their profitability and investment opportunity instead of finding properties that they like, only to find out that they aren’t profitable investments.
Additionally, the process of analyzing properties can be very time-consuming. Traditionally, when investors are trying to find an investment property, they would have to identify several properties that they like in terms of design before they can start collecting data about each property and analyze it manually to determine whether or not it’s a good investment.
With Mashvisor, both stages of your investment can be combined in an easier and seamless format, saving you several months’ worth of research and allowing you to find the perfect property in just a matter of seconds.
Property Analysis Tools
While using the search tools at Mashvisor, you will be able to see some numbers and metrics for each property based on its historical data and the area’s averages. However, most real estate investors know that not all properties have average performances or investment potential.
Using Mashvisor’s property analysis software, you can find all the numbers and details about each investment property. This includes all the numbers and how they came together to provide you with the return on investment value that you see.
This property analysis software, however, is an interactive tool that allows you to play around with the numbers and change their values, and the results will be immediately reflected on the calculations.
For example, after doing a bit of research, you might discover that the property you’re analyzing will require less maintenance than the average property in that area. The property analysis software will allow you to change the pre-defined value for the property maintenance costs, which are based on the area’s averages, and use the value that you believe more accurately reflects the reality.
This will be immediately included in all calculations, and you will see what the new return on investment will be after you’ve made the changes.
Also included in this tool is a table/graph that shows you what the investment payback balance will look like for up to 10 years in the future, which helps you plan the future of your investment more easily.
Neighborhood Comps Tools
Professional real estate investors know that one of the best methods for analyzing an investment opportunity and determining its value is to use neighborhood or rental comps.
Rental comps is a term that refers to comparing a number of properties that share similar features and that are in the same area or neighborhood to see which ones are performing above or below the area’s average.
Mashvisor’s property analysis software allows you to do just that for any neighborhood of your choice. Additionally, when visiting any property’s analysis page, you will be able to see a tab that shows you the rental comps in that area.
This will be a list of rental properties that have the same number of bedrooms and bathrooms, and that are in the same neighborhood as the property you’re looking at. The table will show you what the similarity level is between the properties, their distance, their rental income, price, and occupancy rate.
This info can be used to see which properties are performing especially well, and to compare them to your property to see how you could achieve that level of performance, or if it’s at all possible, before you make your investment decision and purchase the property.
Additionally, Mashvisor’s platform allows you to download an Excel Sheet report for any neighborhood of your choice. This report will include all properties listed for sale in that neighborhood based on the filters that you have active on the search page.
Meaning, you can use all the filters on the search page to narrow down the results to match your interest, and you can then download a custom report for your specific criteria to compare properties in that neighborhood based on their different stats.
This report will include return on investment metrics such as the cap rate and the cash on cash return, but it will also include other useful info about each property to do a comprehensive comparison and identify the best investment opportunities in the least amount of time.
If you’re a beginner real estate investor and you’re looking for the best property analysis software to use, then I highly recommend you check out Mashvisor’s platform and what it can do for you.
To start your 14-day free trial with Mashvisor and subscribe to our services with a 20% discount after, click here.
From the very first stages of searching for the right market to invest in, to identifying the best options, to analyzing each and determining the perfect one to purchase, Mashvisor’s platform is an all-purpose workbench for all of your real estate investment needs.