One of the most proven and promising of millennial era real estate apps- Zumbly is just about to launch in the City of Brotherly Love.
Founded by the entrepreneurial duo Jeb Carty and Joel Glenny, Zumbly provides consumers with the opportunity to search for properties that are great homes, but even better investments. Zumbly weighs the long and short-term rental opportunities of every home in a given market and then weighs every home against one another by assigning a score (0–10) based on how much each property can make on Airbnb or as a long-term investment property, bringing you to the least expensive properties with the best ROI instantly.
Glenny expressed "Why wouldn't you start with knowing the home you are considering buying is a great investment? A home is the most expensive purchase most of us will make in our lifetime. That's a big deal! Of course the finishes and whether or not a home has a pool is important, but is the home a good investment? Zumbly answers this right away."
While most platforms help you find homes within your budget and desired area, Zumbly’s search starts with how much money you want to make from your new home. Founder Jeb Carty explains “After the financial crisis, the vast amounts of student debt, and explosion of the gig economy and all the different ways to make money online that weren’t around 10 years ago, Millennials and Gen Z want to know what their home can do for them. When you find your home on Zumbly, you know how much money you can make by renting your home on sites like Airbnb if you go on vacation or simply vacate your home for the weekend”.
Co-founder and Philadelphia area native Jeb Carty (former realtor and active real estate investor in the Philadelphia market) grew up outside the city along with his brotherClay Carty, mother Barbara Carty, and father James Carty also real estate investors. Eventually moving from the area to Los Angeles to pursue a career in real estate, Carty conceived the idea for Zumbly while searching for cash flow positive investment properties in the nearby Las Vegas area.
Zumbly's latest model also offers premium features that will transform even the greenest user into a fully qualified investor. With features including searching an entire market by a property’s net income, locating motivated sellers, cash flow positive properties, cheaper to buy than rent, cheapest price per sqft, airbnb occupancy rates, flipping margins, gross rent multipliers, Cash on cash returns, year built and cap rates.
Carty quotes “When you can take a user who knows nothing about real estate and arm them with these features, they skip the learning curve and are empowered with the skills and the ability to find the best deals that typically only a seasoned investor has been able to find in the past.”
After a successful beta launch in the Los Angeles and Chicago markets in which the app registered over 10,000 users, it is now prepared to launch into new markets and will be hitting Philadelphia this quarter.
Founders arty and Glenny are very excited for the Philadelphia launch, viewing the market as ripe for disruption and on the verge of a cultural renaissance. The company plans to expand nationally and globally with its eyes heavily set in the Australian and European markets.
For business inquiries, or if you would like more information on Zumbly, please contact [email protected].