Automated Property Tool: Your Thoughts

[JJ Espinoza]

Hi everyone - I am an economist and artificial intelligence expert and I have started building a tool to help me find places to invest in.

I have a SUPER preliminary version of this tools and would LOVE your feedback. 

I am headed to Memphis today to look at properties so I built a version of the tool which you can find here: https://datastudio.google.com/open/1GOoK2dGraQ6-R5...

HERE IS HOW IT WORKS:

1. Combines data from the US Census at the Zip Code Level with Property Listings
2. Filters Zip Codes Based on:
   • Population greater 10K
   • Median Household Income greater than $40K
   • Positive Population Growth
   • Median Listing Price less than $150K
   • Percentage of Renters in Zip Code greater than 25%
3. Filters Properties Based on:
   • 3 Bedroom
   • 2 Bathroom
   • Less than $100K listing
4. Displays report using a tool hosted on Google Cloud: https://datastudio.google.com/open/1GOoK2dGraQ6-R5...

Next, I am planning on calculating potential ROI (e.g. NPV, IRR, ROI) for each of these properties in an automated fashion, BUT I have these questions for YOU!:

1. Is the tool in the link useful? How can it be made more useful (other data, different parameters, etc.)
2. Would you use this tool to help you find neighborhoods/properties in an area you were not familiar with (out-of-state) why or why not?

Thanks for your feedback Biggerpockets members!

JJ