Zillow Market Data

[Adrian Pearson]

Good afternoon,

I am in the process of dipping my toes into the real estate investing scene. I have run a couple deal reports, and have not been able to find anything that would cash flow decently. My main question is if you have all found the data on Zillow (rent estimate, similar homes, etc to be accurate?

I'm still kind of lost on being able to find comps for the ARV for the homes I'm looking to BRRR. Any information would be greatly appreciated! Thanks for your time

[Christopher Brainard]

Hi @Adrian Pearson and welcome to BP!

Zillow pricing data isn't remotely reliable and is also manipulatable. To find the ARV of homes, you need comps from the MLS.

To get rent rate info, it isn't quite as strait forward. You can also find rental information on the MLS in some regions, but not nearly as much as sales data. You'll probably need to hit up Rentometer or similar service that provides rental comps. You can also look at active listings on apartments.com, zillow, craigslist, or similar sites to see what people are asking. Also, if you have multifamily, you can call other multifamily complexes and inquire about what they are charging.

-Christopher