Are you looking for an investment/rental property and want an Easy-to-Use app to do quick evaluations of feasibility? Are you tired of the detailed finance apps that require you to manually type in all the various costs/amounts via the keypad? This app is for you.
This app makes things simple by:
* Uses "rule of thumb" metrics to estimate parameters automatically for you
(e.g. rental expenses = x% of rent).
* Easy-to-use slider based controls to set values (no keyboard entry).
* Visual indications (gauges) to see immediate impact of altering values (e.g. expected rent, purchase price etc)
* Customize the default values for rule-of-thumb parameters plus override them if required for a particular property.
Other features include:
* Property Edit View - with immediate visual feedback
* Report View - shows calculation derivation for the property
* Property Comparison View - compares properties via their key indicators
* Goal Seeker Function - Click on wand to determine what purchase price you would need to offer to “break even” on a rental property
* Help Screens
* Share via Facebook, Twitter, Email, SINA if you have configured on your device
* Custom Costs: Specific costs you can select for your situation:
- V1.0: Stamp Duty calculations for each state in Australia
Includes coverage for:
- Purchase Price
- Weekly Rent
- Loan Costs
- Other Costs (e.g. conveyancing)
- Custom Cost
- Cash Injection (cash you inject to lower loan)
- Vacancy Rate
- Rental Expenses (managing agent, rates, etc)
- Depreciation Rate
- Interest Rate (on loan)
- Tax Rate (used calculate tax cost/refund)
- Ability to toggle on/off support for “Interest on Loan is tax deductible”
DISCLAIMER: This app provides only approximate/indicative figures only. The user should only make investment decisions based on advice from a professional accountant.
