Hubzu, a leading real estate auction marketplace has recently launched a new feature supporting investors seeking to purchase rental properties. Now the Hubzu® Real Estate Marketplace will display low, median and high estimates of potential rental income through its integration with RentRange, who are one of the premier providers of market data and analytics for the single family rental industry.
By using RentRange® rental data for comparable properties within one or 2 mile radius, Hubzu is able to provide estimated potential rents on each property display page for properties marketed. Investors will be able to use these estimates as additional data points, helping to assist them in determining appropriate bid amounts based on target returns.
Steve Udelson, president of Hubzu said “With interest rates at historic lows, single family rental properties have become a popular asset class for investors seeking higher yields. Hubzu makes it easier for investors to discover and purchase investment real estate through a streamlined and transparent process.”
Hubzu has been a leading real estate auction marketplace since 2009, facilitating the sales of over 159,000 homes via a transparent online sales and auction process. Licensed brokers and agents are able to use the platform to market and facilitate the auction of properties for their clients. Homebuyers can benefit from the search tools, automated and transparent bidding process and agent referral program to find and purchase a new property.
RentRange is one of the premier providers of information for the single family rental sector, delivering address and market level rental data, rent based valuation solutions and analytics for a diverse customer base. Its reports help customers make data informed decisions about the single family rental market and data solutions include individual property reports, market metric reports, customise data and analytics as well as single family rental investor lists.