ZipRealty (NASDAQ: ZIPR) (www.ZipRealty.com), the nation's largest online-based real estate brokerage, has partnered with eRealInvestor, creator of a real-time, web-based analytics solution for real estate investors, to become the first national brokerage providing the industry's premier research tool aimed specifically at buyers searching for investment properties on its site.
The "Investors' Info" tab, powered by eRealAnalyzer and embedded within each listing on ZipRealty.com, provides investors and homebuyers with detailed information to help determine a property's short and long-term investment potential, in addition to the traditional insight previously provided on the site, such as a property's estimated value, comparable sales data and neighborhood details.
Details of the "Investors' Info" tab include the following:
-- The tab allows real estate buyers to compare homes and rental properties
side-by-side and estimates monthly cash flow, as well as calculating the
potential return on an investment.
-- Easy-to-use sliders allow site users to adjust variable inputs,
including down payments and interest rates, to develop the most
effective investment strategy for any individual property.
-- The tab enables investors to view and analyze potential "hidden costs,"
such as property management fees, and allows them to include monthly
utility costs, vacancy rates, and other expenses in their analysis.
"The combination of low home prices nationally and historically low interest rates provides attractive investment opportunities for many of our clients," said ZipRealty President and CEO Patrick Lashinsky. "For the past decade, ZipRealty has been at the forefront of providing clients full, transparent information, and we are happy to partner with a similarly innovative company, eRealInvestor, to bring this level of information to our investor clients."
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