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Rental Calc

Rental Calc
  • #: 133003
  • Price: $0.99 In Apple Store
  • Category: Business
  • Updated: 2011-02-25
  • Current Version: 1.2
  • 1.2
  • Size: 0.50 MB
  • Language: English
  • Seller: Jeffrey Satz
  • Requirements: Compatible with iPhone, iPod touch, and iPad. Requires iOS 4.2 or later.
  • © 2011
  •  Add to Favorite apps

 

Description

Description

-

The perfect tool for investors, rehabbers and realtors deciding which property to purchase and how much it will cost to carry the property using Hard Money Loans (Interim Financing) until it is rented. Also projects the return on investment after the property is refinanced. Rental Calc is a simple, intuitive, real estate investor's calculator.

Features

- Created to be simple, efficient and effective

- Calculates quick ROC (Return on Cash on first screen)

- User inputs purchase price of property, projected repair estimate, After Repair Value, and expected Rent

- Change taxes & insurance, miscellaneous expenses, and property maintenance

- ROC Details Tab includes:

- Maximum Loan to Value based on 70% loan

- Out-of-Pocket costs for rehab (if any) not covered in the 70% loan

- Projected Closing Costs to acquire the property

- Monthly interest payment

- Total loan payments

- Calculates total Carrying Costs

- Calculates Refinance Costs

- Calculates Return on Investment (including projected length of time to recoup initial out-of-pocket cash)

- Total Out of Pocket Costs

- Monthly Profit

- Annual Profit

- Total ROC (Return on Cash)

- User defined Options tab:

- Change the % of Closing Costs on the Purchase

- Change the % of Closing Costs if selling/refinancing the property

- Change the interest rate %

- Change the duration of the loan

- Change the refinance interest rate

Rental Calc makes it simple to calculate profit when using a hard money lender to acquire single family residence and multifamily properties for long-term rental income.

"Rental Calc has proven to be invaluable for our borrowers and helps them understand all of the expenses, profit and length of time associated with acquiring properties using hard money lenders to facilitate long-term residual income." Merrill Kaliser, Longhorn III Investments, LLC (Texas Hard Money Lender, www.longhorninvestments.com)

What's New in Version 1.2

You now have the ability to request a loan application straight from this app. Just click Apply for Loan and you will be contacted.

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The information may be outdated (2011-04-14 22:44:11). For actual information go to iTunes

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