Takeaways:
- Revestor’s new platform is aimed to appeal more to first-time real estate investors.
- After processing feedback for several years, Revestor has launched a new website.
- New key features of the redesigned site include improved aesthetics for navigation and an in-depth investment calculator.
A residential real estate search engine that can run investment calculations — for example, cap rates and monthly cash flow — for live home and multifamily listings, Revestor.com’s new platform aims to appeal more to first-time real estate investors.
The relaunched site “erases the separation between premium and free content,” with users able to access all features via a secure email login. Additionally, users will no longer have to download an app to utilize the search engine.
“More than 50 percent of our users were mobile. So it was important for us to make the site available to them, regardless of the device or browser they were on,” said Bill Lyons, co-founder and CEO of Revestor.
According to a company release, new key features of the redesigned site also include improved aesthetics for navigation and an in-depth investment calculator, which projects a property’s net operating income, debt service ratio, cash-on-cash return, net profit and return on investment, in addition to cap rates and cash flow.
The search engine also increased its listings and nationwide property data, with 1.7 million listings available — roughly 70 percent of all MLS-listed properties.
The enhanced accessibility and features aim to appeal not only to first-time investors, but also to first-time buyers, families moving up or down in size, and seasoned multifamily investors.