Hubzu, a leading real estate auction marketplace, has launched a new feature to support investors seeking to purchase rental properties. The Hubzu Real Estate Marketplace now displays low, median and high estimates of potential rental income through its integration with RentRange, one of the premier providers of market data and analytics for the single-family rental industry.
Using RentRange rental data for comparable properties within a 1- to 2-mile radius, Hubzu now provides estimated potential rents on each property display page for properties marketed on Hubzu. Investors can use these estimates of potential rental income as additional data points to assist them in determining appropriate bid amounts based on their target returns.
“With interest rates at historic lows, single-family rental properties have become a popular asset class for investors seeking higher yields,” said Steve Udelson, president of Hubzu, in a press release. “Hubzu makes it easier for investors to discover and purchase investment real estate through a streamlined and transparent process.”
Hubzu is a leading real estate auction marketplace. Since 2009, Hubzu has facilitated the sale of over 159,000 homes via a transparent online sales and auction process. Hubzu is part of the Altisource Portfolio Solutions S.A. family of businesses.