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Please provide a list of websites/services for real estate investing that find the best investment deals for Buy-To-Let in terms of ROI, investment budget or monthly income in real time using real time market data.
Thank you for your question about real estate investment apps and services that provide the best deals for ROI. The short version is that after an extensive search, I found that there are no real estate apps, tools, services and software that combine property searching with ROI calculations to find the best deals, but there are plenty of apps that do one or the other, as well as two that provide notifications of deals based on personalised criteria. Below I go into more detail.
METHODOLOGY
I found that there were few services available that combine property searching with ROI calculations. Most services tend to do one or the other. Hence, I broadened my research to the US and Europe. I've provided an overview of the what is actually available, focusing on the top and most recommended services, to help you get a picture of the real estate investor app market and potential competitors. I've excluded the French app you mentioned, which does indeed seem like one of the best calculating apps.
OVERVIEW OF TOOLS AVAILABLE
The most common kind of real estate tools are ones for property searching and browsing. Many of these include real time information and amazing search options, but none integrate that information with ROI or yield calculators or anything similar. The other very common tools are mortgage calculators – obviously not so useful to investors, but there are other calculators that are useful, such as property evaluators. Most apps, tools, and services available are aimed at the US. Then, the other main sort of software out there for real estate investors – which I haven't included in this list as its less relevant – is for portfolio management, allowing investors to monitor their different properties and assets. Finally, in terms of the best deals, many sites are focused on the best places with the highest buy-to-let yields, rather than property by property information.
SERVICES THAT COME CLOSE
FlipComp is an app that finds and analyses investment deals. It connects to an MLS (multiple services listing) through a platform that covers 25 US states, to find, compare, and analyse real estate flip deals. It provides an ARV for each listing, sell costs, size of lot, and days on market. Users can set their settings to let FlipComp number crunch for them, making it easier to flip through deals quickly. Investors can search properties by profit potential, using the deal analyzer. Finally, this app also sends out customer alerts of new deals when they hit the MLS.
MLS Deal Finder (US) – this tool sends real-time email notifications as soon as discounted properties hit the market. It provides automatic evaluation of real estate properties and each deal comes with its own CMA report. Email notifications are based on investment criteria that you set.
Privy (US) pulls and analyses data from the MLS in real time, 24/7 and provides users with the best deals. It automates property analysis and property comparisons.
SEARCH APPS
Ten-X (US, free) is an app designed for commercial investors and brokers, and it sends alerts as soon as properties hit the market.
Realtor.com (US) provides a property search app that includes 15 minute updates, and the ability to draw your own search area directly on a map.
Property Shark (US) is another great one for searching for great investment properties because it includes information like assessed taxes, square footage, purchase price, property value, neighbourhood info, and the height of surrounding buildings. It also has foreclosure listings, and an ability to search for comparable properties.
The Auction.com app (US, free) allows users to buy and sell residential property online, bid using a smartphone, and filter by location, property features, and auction date.
World Properties (Intl) -one of the few sites that cover a range of countries, including France and the UK
Real Scout searches for new listings based on up to 400 criteria, and sends you an email. It seems though, that this criteria is mostly things like number of bedrooms, location and so on, rather than yield.
INVESTMENT CALCULATORS
Property Evaluator (free, $19.99 premium, $39.99 pro): This app provides investment analysis – the user enters information about the property, to then receive performance projections, including cash flow, cap rate, ROI, 30-year performance projection
DealCheck – Analyses and compares investment properties, provides in-depth summary of each deal, including purchase breakdown, operating income & expenses and investment returns. It calculates: Cap Rate, Cash on Cash (COC) return, Return on Investment (ROI), Rent to Value (RTV), Gross Rent Multiplier (GRM) and more.
Real Estate Calculator App (free) – designed for investors, this evaluates a property's profitability, including net income, ROI, monthly mortgage payments.
Buy-to-Let Yield Calculator (UK, free) – estimates the yield for a buy-to-let investment with annual rental income expressed as a percentage of property value – making it easier to compare different properties. Factor in initial costs (mortgage fees, SDLT, conveyancing, survey and other) and ongoing costs per year
RealBench is software for Windows or Mac which benchmarks properties, showing results in red or green. After entering in property information, RealBench evaluates things such as gross rent multiplier and debt coverage. It facilitates multiple property comparison.
PropYield (UK), an online property investment tool – a quick calculator that includes annual rent, property area, purchaser costs, and net yield.
OTHER
BiggerPockets (free) is a real estate investing social network, which includes community forums, tonnes of information and articles, and property analysis calculators.
CONCLUSION
FlipComp, Privy, and MLS Deal Finder are the three apps that come closest to what you are looking for, though they are US heavy. Thanks for using Wonder! Let us know if we can help with anything else.