PropStream Review: Software That Finds Deals for Real Estate Investors
Savvy investors know that you don’t make your profit when you sell … you make it when you buy. Sure, the sale is your cash-out, but you lock that cash-out in by buying right. Find the right deal, and you have a high probability of making at least some money … and more likely, a lot of money.
So how do you buy right, especially if you are a beginner with no network and responsible for sourcing your own deals?
As with most business models in the digital age, the deals are hiding in the data. With access to the right data, investors can spot a great deal and act quickly to lock it down.
How to get this data? Investors used to get it by knocking on doors, stalking county courthouses, licking stamps, and haunting outdated government websites, hoping to spot the telltale signs of a motivated seller or “don’t-wanter” willing to sell below market.
PropStream aims to take the legwork out of that data gathering. This paid web app collects data relevant to real estate investors, compiles it under one platform, and distills it down to actionable insights about millions of properties in every state.
Combine that with a suite of marketing tools, and you have a compelling resource for beginning, mid-tier, and even advanced investors, especially wholesalers and beginner investors who have to source their own deals.
Table of Contents
- How Much Does PropStream Cost per Month?
- PropStream Features
- PropStream User-Friendliness
- Bottom Line
How Much Does PropStream Cost per Month?
PropStream offers a seven-day free trial so you can sample the software before you commit. If you want to continue your membership after the trial ends, PropStream will cost you $99/month. (sign up here for $2/mo discount)
PropStream also offers several add-ons that investors might find interesting, including:
- List Automator. Offers daily list monitoring for up to 2,000 properties, with automated list imports and append capabilities. Starts at $27/month.
- Team Member. Access to PropStream for team members with managed permissions and tiered access. Up to five team members can access one PropStream account, starting at $20/month per team member.
PropStream’s Marketing Tools include a la carte services, including:
- Postcards, as low as $0.40 apiece.
- Skip Tracing, priced at $0.12 apiece.
- Ringless Voicemail, priced at $0.10 apiece.
- Automated Emails, priced at $0.02 apiece.
PropStream Features
PropStream offers the following features with its basic membership:

Nationwide Property Database
For less than the cost of MLS membership in a single market, PropStream offers a property database with actionable data that puts Zillow, Trulia, and the MLS to shame. Key insights into each property include:
- Personal data and contact info for the owners, sourced from public records and skip-trace searches.
- Estimated remaining loan balance.
- Past transaction details.
Targeted Property Search
PropStream can generate lists of properties based on a wide variety of vectors that other property-search platforms cannot—vectors of key interest in locating motivated sellers. PropStream lets you filter for:
- Foreclosure or pre-foreclosure status.
- Expired listings.
- Cash buyers.
- Involuntary liens.
- Bankruptcy.
- Divorce.
- High equity.

Seasoned investors know to smell a deal when one of these factors comes into play. PropStream puts that data at their fingertips on a national level.
Instant Comps
Homes rely on nearby comparable sales to determine their value. PropStream’s “Instant Comparables” feature generates a list of recent comps culled from local MLS data. You can massage your comps along a variety of vectors, including:
- Number of bedrooms and bathrooms.
- Square footage.
- Sale date.
- Distance from the subject property.

Rehab Estimator
The quality of a fix-and-flip deal (or even a “buy-and-hold”) can often depend on the rehab. You’ve probably heard the time-honored formula that house-flippers must pay 70% of the ARV, minus rehab costs. Comps can tell you the ARV, but they can’t tell how much the rehab will cost.
PropStream’s Rehab Estimator uses the same formula that insurance companies use, making it one of the most accurate computational rehab estimators on the market. It can even generate two separate estimates based on local material and labor costs.
Marketing Tools
PropStream doesn’t just help you find the deal—Marketing Tools aim to help you win the deal. In doing so, PropStream makes a bid to be an “all-in-one” platform for a certain kind of real estate investor. Sourcing plus marketing is pretty much the whole ballgame.
The marketing tools available from PropStream include automated email campaigns, postcard campaigns, ringless voicemails, custom landing pages, and skip-traces to find missing owners. Note that each of these marketing materials cost extra on a per-unit basis. See the section on “PropStream Pricing” for more details.
Note that designing a winning postcard campaign or a converting landing page are high-level skills in and of themselves. A done-for-you service can get you started, but results may vary. Expect a lot of trial and error, and don’t expect an app-generated solution to solve problems that have vexed professional marketers for decades.
Deal Analyzer
To determine how profitable a deal might or might not be, PropStream offers a Deal Analyzer, an online calculation tool that lets you plug in variables and get estimates on critical variables like:
- Projected rental income.
- Projected expenses.
- Projected cash flow.
- Tax estimates and deductions.
- Local price trends.
- General market performance.
These are data-generated estimates and should be corroborated. But at worst, the Deal Analyzer should give you an at-a-glance sense if a deal is worth pursuing further.
PropStream User-Friendliness
PropStream is about as user-friendly as such a feature-rich platform can be. Each tool will require a learning curve, and it helps to know what you are looking for. In other words, if you have never looked at a sales comp or done a rehab estimate, this might constitute a barrier to entry.
PropStream comes with a rich library of tutorial videos to get you started. It shouldn’t be too hard to master the tools … if you can devote the time it takes to beat the learning curve.
Bottom Line
Considering it compiles nationwide data in an easy-to-process, investor-friendly manner, PropStream seems like an excellent deal at $99 per month. Investors should be careful, though—whether compiled by hand or from an app, data is a guideline. It helps you identify what might be a good deal. It’s no substitute for due diligence, and it can’t do your negotiating for you.
Still, for wholesalers, house flippers, and landlords who source their own deals, PropStream has obvious advantages over traditional data searches. Investors looking for a “one-and-done” solution for this kind of analysis should definitely take advantage of the free trial period and see if PropStream is the solution for them.
Hi my name is Steven Soto and i am interested in getting started with wholesaling in Killeen, TX but not sure how to start. Please email me elow so we can connect.
what is the annual charge with all the works integrated?
Hey Edgar,
PropStream cost $99/mo for the month to month plan cancel anytime. ($97/mo if you sign up here).
The PropStream annual charge is $970 not including add-on services like skip tracing and direct mail. Add-on services are sold separately.
Hope this helps.
JR Medrano
Propstream in general is a useful tool and very informative but if you’re going all in the customer service and lack of response is total bs. I have been using it for years as a helpful tool but as far as using it as a complete system for driving, skiptracing & the like – just not worth the money. The only customer service they offer is a basic bot answer, I would expect an a better answer even from a FAQ page for the amount of money they charge.
Hi Liz,
As far as I know, PropStream has live chat, email, and phone support available Monday – Friday 6am-6pm PST (email support on the weekends).
The live chat feature Prop Stream just launched has an automatic message that routes the person to the correct agent. Perhaps that is what you are referring to. Other than that, the PropStream’s customer service team consists of real people working from home.