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OFFON

ZILLOW GROUP, INC.

(ZG)
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Zillow Group, Inc. Announces New Zillow Rental Tools

08/23/2021 | 08:00am EDT

Zillow Group, Inc. announces new Zillow Rental tools. Zillow Rental tools make it easier than ever to assess the possibility and opportunities of becoming a landlord. The Great Reshuffling and the ability to work from home has severed or seriously stretched the commute for millions of Americans and opened up new opportunities for them to live where they've always dreamed. A recent Gallup poll found 52% of U.S. workers are in at least partially remote jobs, while 33% are fully remote. Of the 50 largest U.S. metros, 33 have typical rents that are higher than typical monthly mortgage payments, including insurance and taxes1. Property owners who rent out their home for more than their monthly mortgage payments could use the difference for spending, saving or investing, all while trying out some new scenery. Metro areas across the Midwest and coastal South stood out, and Memphis topped the list, with typical rents at $1,504 in July and typical total monthly mortgage payments at just $948. This makes a rent-to-mortgage difference of $556 in that metro. Sunny Miami came in second with a $522 difference between rents and mortgage payments, followed by Atlanta at $424. Homeowners interested in renting out their property can use Zillow's improved Rent Zestimate to get a good idea of what they could potentially earn in rent. The Rent Zestimate generates a property's expected rent income by considering a home's physical attributes and amenities, including square footage, number of bedrooms and bathrooms, and whether it has air conditioning, as well as public data such as the last sale price. This new and improved Rent Zestimate delivers a 5% improvement in accuracy over its predecessor, and now allows property owners to update their home facts and view comparable homes used to generate their Rent Zestimate. Zillow currently has data on more than 168 million homes and a Rent Zestimate on 115 million of them. For those looking to invest in or turn their home into a rental property, Zillow's new Rental Property Calculator is designed to help independent landlords determine if their prospective purchase makes financial sense. The calculator factors in property price, home appreciation forecasts, expected rental income, mortgage rates and more to find when the purchase will break even and begin to pay itself off.


ę S&P Capital IQ 2021
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Financials (USD)
Sales 2021 6 567 M - -
Net income 2021 -8,40 M - -
Net cash 2021 1 686 M - -
P/E ratio 2021 -5 002x
Yield 2021 -
Capitalization 24 256 M 24 256 M -
EV / Sales 2021 3,44x
EV / Sales 2022 2,40x
Nbr of Employees 6 420
Free-Float 90,2%
Chart ZILLOW GROUP, INC.
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Zillow Group, Inc. Technical Analysis Chart | ZG | US98954M1018 | MarketScreener
Technical analysis trends ZILLOW GROUP, INC.
Short TermMid-TermLong Term
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 96,19 $
Average target price 146,44 $
Spread / Average Target 52,2%
EPS Revisions
Managers and Directors
Richard N. Barton Chief Executive Officer & Director
Susan Daimler President
Allen W. Parker Chief Financial Officer
Lloyd D. Frink Executive Chairman
David A. Beitel Chief Technology Officer
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