Updated about 5 years ago on . Most recent reply
Honest Feedback...Real Estate Analysis Application
I am the developer of a real estate analysis application. Its a web-based application to analyze properties, build budgets and save properties. It is 100% free and requires no sign up to analyze and calculate the profitability on new deals.
Could I get some honest feedback from real estate investors. The application can be accessed at the link below:
Most Popular Reply
There have been multiple valuation methods and appears you are focusing only on Fix and Flip (ARV), or new constructions which requires capitalization rules, recording the actual costs. However, the statement valuing any Property in US is misleading.
Rental Properties are valued based on Income while investor returns are measured with either Income or financial modeling tools such as Net Present Value (NPV), and or Internal Rate of Return (IRR).
You need to define the intended purpose of the valuation, limitations that applies to your data modeling.
The valuation, number crunching is a tip of the iceberg and there have been so many demographic, judgmental factors that significantly influence valuation. You have to have a place holder.
Overall its a good initiative but I sincerely believe you are missing a financial analyst so far what I see.