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Release Log

Welcome to the Cofee Clozers release log & new features list. Keep up with product news and updates – big and small. Here you can find a log of all platform updates.

May 18, 2024

Comps Tool

May 18, 2024

Introducing a new and improved way to run comps on Coffee Clozers. This new tool is sure to replace your manual process of running comps. Search for or click on any property, then click "Run Comps" towarddsd the top of the page, above the address. Automatically see our recommended comps, change parameters to widen your target zone, or even add your own comparable by clicking the "+ Add comp" button and searching for the address. Keep the comps you want, or exclude the ones you don't. Then click save to update the value/ARV estimate!

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May 15, 2024
Data Improvement

Quick Report

May 15, 2024
Data Improvement

Formerly known as "Property Search," the Quick Report tool has gotten a major data overhaul! You can now search for any on-market or off-market property and get an full Coffee Clozers report. This includes seller information, rent estimates, comps, and even neighborhood maps. Try it out here

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May 2, 2024
New Feature

Seller Information

May 2, 2024
New Feature

This just in – you can now see seller motivation for ALL properties on Coffee Clozers (both on and off-market!!!) Check it out by clicking or searching for any property.

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March 18, 2024
New Feature

Metropolitan Areas

March 18, 2024
New Feature

We’ve heard your feedback and have been working hard to bring you metropolitan areas! Now you can expand your investment hunting to the entire metropolitan area of your chosen city.

Currently, we support 57 of the major metropolitan areas in the U.S. Here’s how it works:

  • Metro areas are not included in the 50 sample cities – you will have to upgrade to a paid plan to access this feature.
  • Simply search for the city you are interested in. If the entire metropolitan area is available, a button will appear that says “Upgrade to metropolitan area.” Click this button to see what’s included in the metropolitan area on the map. Try it here
  • In each metro area, we only include the Principal Cities with a population of at least 10,000

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March 15, 2024
Data Improvement

New & Improved Heatmaps

March 15, 2024
Data Improvement

The heatmap just got a lot more accurate – and if we could be so bold, we think it's the best real estate analysis map on the on the internet. Why?

We’ve combined some major data improvements to bring you more accurate maps.

  • Precise neighborhood scores – we now rate with a wider range to provide a more accurate score. The distribution of these scores is no longer arbitrary, meaning you get a more accurate understanding of a city’s makeup.
  • Real time data – Many map providers are based solely off of the US Census Bureau dataset. Although, we too ingest this data we recognize that it is typically outdated by two years. Therefore, we incorporate additional datasets for a real-time view of a market.

What ties into the neighborhood scores?

We're glad you asked. Here's a summary of the types of things we take into consideration:

Targeted Investment Strategies 🎯

  • Matching goals to classes: Different property classes cater to distinct investment goals. Class A areas might suit appreciation-focused investors, while Class B could be ideal for cash flow through rentals. Understanding classes helps you target properties aligned with your goals.

Risk Assessment 🧐

  • Predicting stability: Neighborhood classes offer insights into an area's overall stability. Class A areas are generally considered less risky, while Class C might have higher vacancy rates or require more renovations.

Market Analysis 🏙️

  • Comparative value: Knowing the class of a neighborhood allows you to compare properties within a similar category. This helps you assess if a listing is priced competitively or if there's room for negotiation.

Tenant Pool Identification 👥

  • Understanding demographics: Each property class tends to attract a specific type of tenant. Class A areas might attract young professionals, while Class C might cater to budget-conscious renters. This knowledge helps you predict potential tenant demand.

Future Potential 📈

  • Up-and-coming areas: Identifying up-and-coming neighborhoods within a class can be a great way to find properties with high appreciation potential. Understanding class trends can help you spot these opportunities.

By incorporating neighborhood classes into your investment strategy, you gain a valuable lens to evaluate properties. It allows you to make informed decisions about risk, potential returns, and how well a property aligns with your overall investment goals.

Want more info? Check out this article for a full breakdown.

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March 1, 2024
New Feature

Strategies

March 1, 2024
New Feature

Introducing....STRATEGIES!

We've been working on this a loooongggg time. We recognized a huge need for strategies – both a way to calculate based on strategy AND recommended strategies based on each property. We wanted to do this right, and it's finally here!

You can now sort by and analyze based on your preferred investment strategy. This feature comes into play on both the listings page and the property calculator itself!

  • Each strategy has it’s own algorithm, so when you choose a strategy, we will rank properties based on their suitability for that investment strategy.
  • Now you can easily run the numbers based on strategy – and it’s SUPER quick. Simply select a strategy on the property calculator and see how the financial projections change.
  • Recommended strategy. We will recommend the best strategy for each individual property based on a large set of factors including location, profitability, and more.
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February 13, 2024

Dashboard – A new home for your cities & buy boxes

February 13, 2024

Introducing the dashboard! Here you can control your entire account. There’s a few main things you can find in your dashboard:

  • Cities – access your cities and buy boxes. Create new buy boxes for each city, manage your notifications, and more.
  • Financial preferences – fine tune your browsing experience by setting financial preferences. You can even make custom settings for each city on your account!
  • Favorites – Access any properties you’ve saved to favorites here
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December 7, 2023
New Feature

Property Search Tool

December 7, 2023
New Feature

We brought back one of our most popular features – property search! Now you can search for ANY property in the U.S. to get the full Coffee Clozers breakdown for it!

Here's how it works

  1. Click on “Search” in the top left of the toolbar. (Next to Explore)
  2. Search ANY property in the U.S. – on OR off-market!
  3. Get an instant report on that property.  Use the financial calculator like you would for any other property on Coffee Clozers.

Here’s the best part – every user gets 5 search credits per month, no subscription required!

👉👉 Try it here

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December 5, 2023
New Feature

Buy Box Emails

December 5, 2023
New Feature

Now you can be notified whenever a new property that meets your specific parameters is listed on the market!

Configure your Buy Box to get new properties directly to your inbox. Go to Profile > Notifications > and enable Buy Box emails. Select the checkbox. Choose the Frequency, then, under the Buy Box Settings, configure your settings (budget, square footage, construction years, ADUs, Add a bedroom, Fixer Uppers). Make some changes and don’t forget to hit save!

Buy Box emails are sent daily at 9a.m. EST.

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December 5, 2023
New Feature

Custom Financial Settings

December 5, 2023
New Feature

You can now set custom values for monthly and initial costs that will be reflected across all properties while you’re browsing. So the estimates you see are more accurate for your specific investment needs and strategies!

You can also configure specific settings per city! For example, let’s say you want to account for higher insurance rates in cities prone to flooding like Miami. No problem – just choose Miami, select the setting you want to target, and choose a value.

Go to Profile > My Settings > Make some changes and don’t forget to hit save!

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December 5, 2023
Data Improvement

Multifamily Rent

December 5, 2023
Data Improvement

We’ve drastically improved our multifamily browsing experience. With a fresh design and improved rent estimates, you can now get a better picture of multifamily potential:

• See the different layouts in a multifamily building, and the rental estimate broken down by each unit type!

• Speaking of rent, we’ve made some major improvements to multifamily rent estimates.

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November 27, 2023
New Feature

Seller Financing Filter

November 27, 2023
New Feature

Now you can filter on-market properties by those specifically flagged for seller financing in the description. To try it out, go to Filters, then scroll to the PAYMENT section. You will see a toggle for Seller-Financing. Activate this to see those deals! (Disclaimer: some cities may not have properties flagged for seller-financing at all times).

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November 1, 2023
New Feature

Off-Market Deals

November 1, 2023
New Feature

It's finally here!! We've officially released our list of off-market deals. These properties are curated based on their likelihood of having a motivated seller. Our algorithm picks out the best ones based on a list of criteria, sorts them by potential cash flow, then flags them for you. This feature is still in beta, so it's included in any Coffee Clozers premium plan – but that won't last for long! If you sign up for any paid plan, you will lock in your off-market deals at no extra charge. After that, the off-market deals will be a paid add-on. The only way to get them included in your deal is to purchase any Coffee Clozers plan before the price is increased after Cyber Monday (December 2023).

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October 27, 2023
New Feature

Switch to Percentage

October 27, 2023
New Feature

You can now toggle between dollar amount and percentage view on the monthly costs calculator. To use this, open any property and click "Monthly costs" on the left-hand side of the property calculator panel. Click on the percentage icon inside the text field to switch to percentage. Click on the dollar sign icon to switch back to dollars.

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October 26, 2023
New Feature

Rent Estimate Comparison

October 26, 2023
New Feature

We've added a new tool that allows you to compare rent estimates. Now you can see our proprietary rent estimate alongside the rental comps median rent, median for the ZIP code, and Zillow rent Zestimate, so you can determine which rent estimate to run your calculations with. As a bonus, whatever changes you make on the property calculator will be saved to that property when you add it to your favorites!

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October 25, 2023
Data Improvement

Improved Rent Estimates

October 25, 2023
Data Improvement

We discovered a bug that was impacting our rental estimates. We deployed a change to fix it and improve our rental income estimate algorithm.

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