There’s no feeling like watching your real estate investment transform into positive cash flow.
But achieving that success begins with a smart investment decision. So how do you know which deal is best?
This is where a Comparative Market Analysis (CMA) comes in.
Analyzing “comps” (recently sold properties that are similar in location, size and condition) is a traditional real estate practice used by brokers to determine the best listing price or to help buyers make an informed offer.
But the most successful real estate investors analyze comps all the time too.
In this post, we’ll explore 10 powerful real estate comp analysis tools designed specifically for investors—plus, there are a couple of amazing free tools you won’t want to miss!
Should You Find Comps the Old-Fashioned Way?
Real estate agents often create a Comparative Market Analysis (CMA) for their clients the old-fashioned way.
They start by visiting the neighborhood in person to get a feel for the property and surrounding area. Then, they’ll manually search for comparable properties on the Multiple Listing Service (MLS) and gather details on recent sales, property features and market trends.
But there are two key things to keep in mind about this approach.
- First, it takes a well-trained eye to identify the right comps and understand what to look for – factors like square footage, condition and neighborhood appeal all come into play.
- Second, this process is time-consuming. Sifting through properties, compiling statistics, and crunching numbers in spreadsheets can take hours, if not days.
So, can’t you just get a software to handle it for you?
Sure!
There are plenty of real estate comp analysis tools available that can analyze comps quickly and effectively, doing all the math for you. These tools can save you a ton of time and help you make informed decisions faster.
If you need a highly detailed, customized report, the old-school method is hard to beat.
But if you can find great deals in a fraction of the time…why not?
Keep reading to discover our shortlist of the 9 best real estate comp analysis tools available today!
10 Best Real Estate Comp Analysis Tools
1. DealMachine
DealMachine is a popular real estate investment platform designed to help investors find and analyze potential deals, streamline their lead generation, and manage their pipeline effectively.
It’s known for its driving-for-dollars feature.
(I.e. you can drive through neighborhoods to find distressed properties then snap a photo of one, grab the contact info and details, and then add the property to your CRM for follow up.)
DealMachine also has a free real estate comps tool – check it out here.
It’s pretty basic. To access the full suite of comp analysis tools, you’ll need to sign up for a free trial, which not only gives you access to comps but also introduces you to DealMachine’s other powerful features.
Pricing for DealMachine starts at $99 per month for a single user. But you can grab a 7-day trial to check out the comp analysis tool in depth.
2. PropertyShark
PropertyShark is a real estate data platform designed for real estate professionals, such as realtors brokers. But investors can get a lot from it too.
The comp analysis tool allows you to quickly evaluate a property’s value by selecting the asset type (e.g., residential, commercial, multi-family), entering the target property’s address, and instantly generating market stats and property estimates based on comparable real estate sales.
To access PropertyShark’s comp analysis features, you’ll need a subscription.
Pricing starts at $59.95 per month.
3. RentCast
RentCast is a tool designed to help real estate investors and landlords analyze rental properties.
Whether you’re evaluating a potential buy-and-hold investment or pricing your existing rental, RentCast provides niche data.
One of its key features is the ability to run rental CMA (Comparative Market Analysis) reports, giving you insights into nearby rental comps, occupancy rates and market trends.
RentCast offers a free online tool where you can check up to 5 nearby rental comps for any given property – check it out here.
For those needing more comprehensive reports and deeper insights, a paid plan starts at just $12 per month.
4. Backflip
Backflip is a real estate investment platform that specializes in providing fix-and-flip loans to investors.
But Backflip also has a free comp analysis tool, which provides detailed insights into any given property. With just an address, you can access:
- Property details such as size, year built, and lot information
- Estimated as-is value to understand the current market worth
- After-repair value (ARV) to project potential profits after renovations
- A curated list of comps to compare similar properties in the area
What makes Backflip even more unique is its AI-driven deal score. This evaluates whether a property looks like a good investment opportunity.
Oh, and did we mention? It’s completely free!
5. Dealcheck.io
DealCheck.io focuses primarily on rental properties, helping investors quickly evaluate potential deals with accurate financial projections.
Whether you’re analyzing single-family rentals, multi-family units, or BRRRR (Buy, Rehab, Rent, Refinance, Repeat) properties, DealCheck provides insights to make investment decisions.
With DealCheck, you can easily access:
- After-repair value (ARV) to estimate the potential value of the property after renovations
- Rental income estimates to gauge expected monthly cash flow
- Sales and rental comps to compare similar properties
The platform offers a free plan, which includes access to up to 5 sales and rental comps.
But for deeper insights and more comparisons, their paid plan starts at just $10 per month.
6. CashOn
CashOn is another platform specializing in long-term rentals.
With CashOn, you can access:
- Rental comps to compare similar properties in the area
- Mortgage payment estimates to factor in financing costs
- HOA fees, property taxes, and insurance costs for a complete financial picture
- Automated calculations for key investment metrics such as cash-on-cash return and cash flow
One cool feature of CashOn is its ability to pull data for hundreds of properties at once, allowing you to analyze deals within the app or export the data into a spreadsheet for custom calculations.
CashOn offers a free plan that allows you to analyze one property at a time.
To scale your search, the paid plan starts at $25 per month and allows analysis of up to 500 homes at once.
7. New Silver ARV Calculator
New Silver isn’t a dedicated real estate investment tool—it’s a lending company that offers financing for fix-and-flip projects, rental properties, construction loans and more.
But they have an online ARV (After-Repair Value) calculator.
New Silver’s ARV calculator doesn’t have all the advanced features of other paid tools. But it’s quick, easy to use and entirely free.
8. PropStream
PropStream is an all-in-one real estate data platform designed to help investors, realtors and wholesalers find and analyze potential deals.
It offers a wide range of features. These include property searches, owner data, market trends, lead generation and detailed property reports.
One of PropStream’s top features is its comp analysis tool, which delivers everything you’d expect to accurately assess property values. But it’s also powered by public records and MLS data and provides highly accurate home valuations in just a few clicks.
PropStream also has a unique “Flip Comps” tool.
This pulls up properties that were bought and resold quickly.
While PropStream’s comp analysis tool isn’t free, pricing starts at $99 per month. However, you can take advantage of a 7-day free trial to explore its powerful features before committing.
Ryan Dossey (Call Porter co-founder) uses Propstream and has created a few videos about using the tool to check out comps, build lists, and generate seller leads.
See below for a video of him comparing PropStream to DealMachine.
9. Mashvisor
Mashvisor specializes in strategy comps for rental properties, which allow you to compare traditional long-term rentals with Airbnb short-term rentals.
This comparison helps investors determine which rental strategy is more suitable for a particular property or area. Key metrics provided include:
- Cap rate to measure property profitability
- Cash-on-cash return to assess investment efficiency
- Cash flow projections for monthly income potential
- Airbnb occupancy rates to estimate demand
- Monthly expenses for accurate cost projections
Mashvisor then gives you investment opportunity scores powered by machine learning algorithms to pick the most profitable properties. Additionally, the platform provides insights into short-term rental regulations in over 500 cities, ensuring compliance before making investment decisions.
They don’t have a free tool.
But pricing for Mashvisor starts at just $24.99 per month.
10. Zillow
Zillow is the largest real estate portal in the U.S. with a huge database of property listings, market insights and historical sales data.
While Zillow isn’t an automated comp analysis tool, it’s got a lot of data.
One of Zillow’s key features for comp analysis is the ability to filter homes by “recently sold” properties, making it easier to identify comparable homes that have sold within the last few months. From there, you’ll need to analyze the data manually.
With Zillow, you can:
- Use filters to locate recently sold properties within a specific time frame
- Refine search results by criteria such as location, size, price, and features
- Review and compare data to calculate average prices and market trends
- Access all these tools for free, making Zillow an accessible way to gather comps
It’s an excellent free resource for investors willing to put in the time to gather and interpret data manually.
How to Get Great Real Estate Deals as an Investor
Real estate agents sometimes have the luxury of conducting in-depth, in-person Comparative Market Analyses (CMAs) because leads come to them.
Homeowners reach out when they’re ready to sell.
But as a real estate investor, it’s not always that easy. You have to generate your own seller leads to analyze different deals and cherry-pick the most profitable ones for your portfolio.
So, how do you actually do that?
Call Porter co-founder Ryan Dossey is an expert in lead generation for real estate investors.
He’s built an 8-figure real estate portfolio by generating hundreds of seller leads through strategic direct mail campaigns. His approach combines using powerful real estate tools like PropStream to pull targeted property lists, and then sending Ballpoint Marketing real estate postcards to reach motivated sellers and unlock potential deals.
Direct mail is often considered a “cheat code” in the real estate investing world.
Ballpoint’s unique postcards, which look handwritten, achieve impressive response rates of 1-1.5%, even in competitive markets. This handwritten touch helps investors stand out from the typical mass-printed marketing materials and build trust with potential sellers.
Want to learn how direct mail can help you land better deals?
Check out this video below, where Ryan Dossey shares his strategy for using direct mail to generate seller leads and uncover profitable opportunities:
How to Scale Your Real Estate Investing Business
But what happens when you want to grow and start getting more calls than you can handle?
This is exactly why Ryan Dossey created Call Porter—a live call answering service built for real estate professionals.
With Call Porter, you’ll get a U.S.-based personal phone rep who handles all incoming calls from your lead generation efforts. This means you never miss a potential deal and don’t waste valuable time on uninterested or unqualified leads.
Call Porter doesn’t just take calls—they qualify leads and book seller appointments directly into your calendar. So you can focus on doing your comp analysis and closing profitable deals instead of chasing cold leads.
Ready to scale your investing business?
Schedule a Call Porter demo today and see how it can transform your deal flow.