Accurate data and predictive analytics are critical in making wise investment decisions, whether they involve flipping single-family homes, managing rental portfolios or entering commercial real estate deals of any size. But finding the appropriate CRE analysis software depends on your goals, strategies and experience levels.
Real estate investment analysis software simplifies the process of evaluating property performance and forecasting income, as well as comparing properties and understanding market trends through an intuitive dashboard. By performing thorough analyses on each investment you own, streamlined analysis enables you to identify risks more quickly while mitigating them to ensure success in the long term.
Some CRE tools focus solely on one asset class; others combine financial modeling and investment analysis with lease administration tools for comprehensive CRE management. MRI Software’s CRE analysis and investment modeling platform includes features for lease administration as well as financial modeling which allow users to monitor performance across multiple asset classes while making informed strategic growth decisions with automated calculations to reduce calculation times such as net operating income (NOI) and internal rate of return (IRR).
Some CRE analysis platforms are tailored specifically for individuals rather than teams. For instance, virtual wholesaling tools provide access to an exhaustive database of examinable properties as well as marketing and sales tools designed to attract targeted leads. Automating your work may free up more time to focus on finding opportunities and analyzing deals.
Valuation and investment analysis tools, on the other hand, are typically tailored to teams of professionals working together on large real estate projects. They usually feature a user-friendly interface with cloud access that makes creating and sharing pro formas online easy; as well as being used to construct complex financial models with various assumptions such as fixed vs variable costs, expense groups, market leasing projections, capital expenditures and development costs; solving backwards for optimal offer prices or performing cash-on-cash returns with instantaneous sensitivity analysis as needed on-the-fly!
Selecting the ideal CRE investment analysis software is essential to optimizing returns. Top providers offer features that allow users to transform raw data into actionable insights, such as:
Real Page Commercial is a CRE analytics and reporting solution designed to give commercial real estate investors an overview of property performance and trends in their industry. It assists with managing all stages of deal lifecycle from prospecting, due diligence and closing. Real Page Commercial supports data visualization features which enable users to visualize metrics such as NOI and IRR; compare properties quickly using key metrics such as cap rates, cash-on-cash return, DSCR; run detailed pro formas quickly; test assumptions quickly using built-in tools such as maximum loan sizing tool; roll-up rent roll; and sensitivity matrix.