This is a fundamental analysis of Opendoor (OPEN) and its new Cash Plus product. OPEN has an intrinsic value per share to be $1.97, while currently is priced at $3.63. The company is working with seller agents to generate profit by referral fees. The strategy to work with seller agents and the new Cash Plus product help OPEN to earn more by doing less, since it requires less capital. Management points that twice more customers are reaching to a final cash offer compared to the traditional flow and listing conversion rates are 5x higher. This new model will increase profit with lower risks. He references a proprietary Discounted Cash Flow analysis that he's provided to his channel members.