First American Data & Analytics, a provider of property-centric information, risk management and valuation solutions, and a division of First American Financial Corporation, has launched Procision Rental AVM, an automated valuation model (AVM) with nationwide coverage that delivers highly accurate estimates of the monthly rents long-term residential properties may generate. First American’s Procision Rental AVM provides rental valuations that are updated daily on approximately 100 million residential properties nationwide, including single-family homes, condominiums and properties in planned unit developments.
Unlike existing rental AVMs, the Procision Rental AVM leverages First American’s property database and advanced modeling techniques, providing investors and real estate professionals with a powerful tool to help refine their property acquisition strategies and adjust or set rents.
“Investors and real estate professionals are looking for more precise and more predictive rental intelligence as rental market activity increases,” said Jon Wierks, vice president of data management at First American Data & Analytics. “Our new Procision Rental AVM delivers rental valuations at the speed, scale and accuracy needed to inform more confident data-driven decisions on rents and to determine the potential returns on rental properties.”
Users can access the Procision Rental AVM through DataTree and via API, or purchase data in bulk, with outputs that include a monthly rent estimate, high/low value range and a confidence score — all optimized for seamless integration and decision support. Built for traditional rental use cases, the Procision Rental AVM is not appropriate for short-term or vacation rental properties.
