CoreLogic Enhances Rent Amount Model
Real Estate Industry and Trade Media
Campbell Lewis Communications
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July 08, 2015, Irvine, Calif. –
—Solution Now Includes Cap Rate Calculator to Estimate Potential Rate of Return on Single-Family Rental Properties—
CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled services provider, today announced it has enhanced its Rent Amount Model to include a new capitalization rate calculator that can quickly estimate the rate of return on single-family rental (SFR) properties. Rent Amount Model, part of the company’s Rental Analytics Suite, combines market-leading CoreLogic data with analytical tools for SFR investors and specialized lenders that can be used to evaluate the price and rent potential of properties for investment and portfolio management purposes.
Using Rent Amount Model, investors can quickly run a variety of scenarios to help them evaluate properties during the early stages of the investment process. These include:
- The cap rate on portfolios and individual properties using data powered by CoreLogic.
- Monthly rent estimates for both SFR and attached properties, even in areas with few or no comps.
- Detailed sales comps on each property, a cost-effective alternative to other valuation tools.
- Additional optional CoreLogic data appends such as vacancy rates, AVMs and property characteristics.
Rent Amount Model draws upon multiple sources of real estate data from CoreLogic and is refreshed monthly to reflect changing market conditions. It offers 99+ percent coverage across the U.S. for the $1.8-trillion SFR market.
“The SFR market continues to attract institutional investors who are looking for single-family homes that offer potential appreciation and solid rental-income returns,” said Randy Wussler, vice president, product general manager at CoreLogic. “With our Rent Amount Model, we’ve aggregated and standardized nationwide rental data that, when combined with analytic tools, can provide investors and lenders with actionable insights to help evaluate a property’s value and project investment income and returns.”
For more information about Rent Amount Model, please visit: http://www.corelogic.com/landing-pages/rent-amount-model.aspx.
CoreLogic (NYSE: CLGX) is a leading global property information, analytics and data-enabled services provider. The company's combined data from public, contributory and proprietary sources includes over 3.5 billion records spanning more than 40 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.
CORELOGIC and the CoreLogic logo are trademarks of CoreLogic, Inc. and/or its subsidiaries.