Real estate investment is a complex process that requires careful analysis and research. To make informed decisions, investors should have access to the right tools. These tools range from investment property analysis software to rental property analysis tools, from cash flow calculators to rehab calculators, and more. With the right combination of these tools, investors can gain valuable insights into the future financial performance of an investment property and chase the right deals.

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Here are our picks for top property analysis tools in 2023:

1. DealCheck
2. BiggerPockets
3. Mashvisor
4. FlipperForce
5. DealCrunch
6. Roofstock

1. DealCheck: Most Easy to Use

DealCheck is a powerful real estate investment tool that helps investors quickly analyze and compare potential investments. With a comprehensive set of features, DealCheck provides investors with an easy-to-use platform for analyzing and comparing properties to find the best investment opportunities. The tool provides users with detailed analysis of potential investments, including rent estimates, cash flow forecasts, and other important metrics. 

Features include:

• Calculate all important metrics for rentals, BRRRR’s, flips, multi-family, commercial buildings and Airbnb’s in seconds.
• Quickly search public records & online listings and import property details, list price, estimated value & rent, property taxes, HOA fees and photos.
• Analyze long-term cash flow projections for rental properties and profit projections for flips.

Pricing:

• Starter: FREE
• Plus: $10/ month billed annually
• Pro: $20/ month billed annually

Special Promotion:

• 20% Off when you use PASSIONATE promo code

2. BiggerPockets 

BiggerPockets is a complete resource for real estate investors. It provides content, tools, and a community of real estate investors who share valuable advice and tips from their investment stories. BiggerPockets offers 8 different calculators including rental and flipping calculators. 

Features include:

• Quickly and efficiently analyze a potential real estate investment for profitability using 8 calculators of different strategies.
• Should you experience any difficulty with the calculators, or run into any issues with your report,  there is a customer support team and community you can reach out to.

Pricing:

• Starter: FREE for first 5 reports
• Pro Monthly: $39/ month
• Pro Annually: $32.5/ month billed annually

3. Mashvisor: Best for Strategy Comparison

Mashvisor’s Investment Property Tool is designed to provide investors with an in-depth analysis of potential investments, allowing them to make more informed decisions. With the help of this tool, users can quickly and accurately evaluate rental properties, compare different neighborhoods, and generate accurate rental returns. The tool also provides users with important insights into the local market conditions and trends. This makes it easier for investors to assess the profitability of a potential investment before investing.

Features include:

• Know and compare rental strategy by looking at how much you’ll make on a property whether you list it on Airbnb or traditionally. 
• With its interactive Purchase Analysis and Investment Property Calculator, you can personalize the property by giving it your own personal rating and making your own notes.
• Gain perspective on an overall evaluation of the neighborhood, the property, and the Airbnb market.

Pricing: 

• FREE for 7 days
• Lite: $17.99/ month billed annually
• Standard: $49.99/ month billed annually
• Professional: $74.99/ month billed annually

4. FlipperForce: Best for Flipping

FlipperForce is an all-in-one web-based house flipping software built to help house flippers, rehabbers & investors analyze deals & manage their rehab projects. FlipperForce offers deal analysis tools and house flipping calculator which allows investors to evaluate potential deals and determine the maximum purchase price that should be offered for the property. With a focus on flipping and BRRRR strategy, FlipperForce can help investors take their rehab projects into the next level of excellence.

Features include:

• Analyze House Flips & BRRRR Deals, Estimate Rehab Costs and Create Professional Investment Reports to Raise Funding for your Flips.
• Manage Your Rehab Project Calendars, Project Schedules, Tasks and To-Dos to Keep Your Rehab Projects on Track.
• Manage Your Project Budgets, Track Project Expenses & Forecast Profitability to stay on Budget

Pricing:

• 30 day FREE trial
• Solo: $59/ month billed annually
• Team: $149/ month billed annually
• Business: $349/ month billed annually

5. DealCrunch 

Made by real estate investors, for real estate agents, lenders, brokers or anyone who is just starting out with real estate investing, DealCrunch takes real estate analysis to the next level. This mobile-focused app provides you with the simplest and most intuitive user experience that can help you analyze rental property, rehab renovation projects as well as other investment types.

Features include:

• Analyze all sorts of investment properties: single-family rental, multi-family rental, vacation rental, rehab project, fix and flip, commercial real estate and much more.
• Calculate cash flow and other financial metrics easily: capitalization rate (cap rate), cash on cash return (COC), return on investment (ROI) and more.
• View and share in-depth property analysis summary and visualize long term holding projections and profitability. 
• Connect with other investors and discuss your recent deals.

Pricing:

• Bronze: FREE
• Gold Monthly: $8.99/month
• Gold Yearly: $89.99/year

6. Roofstock: Most Straightforward

Check out Roofstock’s free and simple rental property analysis spreadsheet. If you are old fashioned and prefer a simple, easy-to-use spreadsheet, this one’s for you. This spreadsheet allows you to browse all inputs, assumptions, results and purchase metrics in one page. After all, making sense of the numbers behind real estate investments does not need to be complicated.

Features include:

• Have all inputs, assumptions and results in one page.
• Show different purchase criteria in one place, including Cap Rate, Monthly Cash Flow and CoC etc.

Summary

Investing in a property that isn’t profitable is an expensive mistake that can cost real estate investors time and money.

Rental property analysis tools can help you choose the right properties to invest in. These tools provide insights into what kind of income a given property is likely to generate, as well as estimated rent prices and vacancy rates. Try these tools and find the ones that work best for you.

Disclaimer: The information and/or documents contained in this article does not constitute financial advice and is meant for educational and entertainment purposes only. This article features several affiliate links, meaning we may receive a small affiliate commission if you purchase through these links. Read our full disclaimer here.

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