Rental Property Calculator 1.1
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Free Version
Publisher Description
Rental Property Calculator - A simple tool to help you easily evaluate potential real estate investments.
The Rental Property Calculator is a simple tool designed to help you quickly and easily evaluate potential real estate investments. The calculator reminds you of all the quantitative factors you need to take into consideration and quickly calculates Cash Flow, Cap. Rate (Capitalization Rate), Taxable Income, and ROI (Return on Investment).
The emphasis in the Rental Property Calculator is speed. When you are looking at a rental property as a potential investment, you don't have a lot of time and you're constantly being distracted. You don't need a free app with advertising creating yet another distraction. You don't need to be jumping back and forth between applications to do different parts of the calculations you require.
As soon as you enter a purchase price for your rental property, the app will populate the rest of the fields making a number of assumptions and giving you a rough estimate for how good of an investment this is. You can then override any of these assumptions to get more accurate figures.
Fields included are:
Purchase Price ($)
Interest Rate (%)
Amortization Period (years)
Monthly Insurance ($)
Monthly Condo Fees ($)
Monthly Property Management Fees ($)
Expected Vacancy Rate (%)
Down Payment ($)
Monthly Mortgage Payments ($)
Interest Portion of Payment ($)
Annual Property Tax ($)
Monthly Maintenance Fees ($)
Primary, Interest, Taxes and Insurance ($)
Expected Monthly Rent ($)
Monthly Cash Flow ($)
Capitalization Rate (%)
Annual Taxable Income ($)
Annual Return on Investment (%)
PLEASE NOTE THE FOLLOWING:
● The results are automatically updated as modifications are made;
● If a calculated value is overridden, this new value is remembered until either the reset button is pressed or the app is restarted;
● The results are only shown once a non-zero "Purchase Price" has been entered;
● The "Down Payment" cannot be larger than the "Purchase Price;"
● The "Interest Rate" must be greater than zero;
● Any information that is missing or problematic shows its description in red as a reminder that it needs to be addressed;
● If the text "error" shows up in one of the fields, it's because a previous number used to calculate this field is generating an error (either infinity or a "not a number" error); make sure the values you've entered are realistic and the "error" should go away;
● Any additional monthly expenses should be added to the PITI (Primary, Interest, Taxes and Insurance) field.
In the next release we will also include IRR (Internal Rate of Return).
About Rental Property Calculator
Rental Property Calculator is a free app for Android published in the Accounting & Finance list of apps, part of Business.
The company that develops Rental Property Calculator is 8K3 Incorporated. The latest version released by its developer is 1.1.
To install Rental Property Calculator on your Android device, just click the green Continue To App button above to start the installation process. The app is listed on our website since 2014-07-22 and was downloaded 2 times. We have already checked if the download link is safe, however for your own protection we recommend that you scan the downloaded app with your antivirus. Your antivirus may detect the Rental Property Calculator as malware as malware if the download link to com.robinchahal.rentalpropertyevaluationcalculator.app is broken.
How to install Rental Property Calculator on your Android device:
- Click on the Continue To App button on our website. This will redirect you to Google Play.
- Once the Rental Property Calculator is shown in the Google Play listing of your Android device, you can start its download and installation. Tap on the Install button located below the search bar and to the right of the app icon.
- A pop-up window with the permissions required by Rental Property Calculator will be shown. Click on Accept to continue the process.
- Rental Property Calculator will be downloaded onto your device, displaying a progress. Once the download completes, the installation will start and you'll get a notification after the installation is finished.
