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