LUXEMBOURG--(Marketwired - October 10, 2016) - 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 one- to two-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. "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. Licensed agents and brokers use the platform to market and facilitate the auction of properties for their clients. Home buyers benefit from our search tools, automated and transparent bidding process, and agent referral program to find and purchase new homes. Hubzu is part of the Altisource® Portfolio Solutions S.A. family of businesses. Additional information is available at hubzu.com, facebook.com/hubzu and twitter.com/Hubzu.
RentRange is one of the nation's premier providers of information for the single-family rental sector, delivering address and market-level rental data, analytics and rent-based valuation solutions for a diverse customer base. The RentRange® reports help customers make data-informed decisions about the single-family rental market. The RentRange suite of data solutions includes individual property reports, market metric reports, customized data and analytics and single-family rental investor lists. RentRange is part of the Altisource Portfolio Solutions S.A. (NASDAQ: ASPS) family of businesses.
Altisource Portfolio Solutions S.A. (NASDAQ: ASPS) is a premier marketplace and transaction solutions provider for the real estate, mortgage and consumer-debt industries. Altisource's proprietary business processes, vendor and electronic payment management software and behavioral science-based analytics improve outcomes for marketplace participants. Additional information is available at altisource.com.