Homes.plus – Chrome extension overlaying investor metrics on Zillow
Homes.plus is a Chrome extension that enhances Zillow listings by providing detailed investor metrics. It calculates cap rate using actual property expenses rather than relying on the 50% rule. This method offers a more accurate assessment, particularly in varying tax environments across states.
- ▪Homes.plus calculates cap rate using itemized expenses instead of the 50% rule.
- ▪The extension pulls actual property tax data from Zillow's public tax history when available.
- ▪Typical expenses included are insurance, maintenance, vacancy, and HOA fees.
Opening excerpt (first ~120 words) tap to expand
How does homes.plus calculate cap rate on a Zillow listing? Cap rate uses itemized expenses, not the 50% rule. We pull the actual property tax from Zillow's public tax history when available and add typical insurance (0.4% of price per year), maintenance (1%), vacancy (6% of rent), and HOA. Annual NOI is gross rent minus those expenses; cap rate is NOI divided by purchase price. The number is more accurate than the 50% rule shortcut, especially in high-tax states like New Jersey and low-tax states like Arizona.
Excerpt limited to ~120 words for fair-use compliance. The full article is at homes.plus.
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