Sunday, August 30, 2009

Rental ROI available on iTunes App Store

http://itunes.com/apps/rentalroi (opens iTunes)

Rental Property Return on Investment (ROI) Calculator

Thinking of buying a rental property?

This App will estimate yearly ROI calculations based on the specifics of the property and loan. Quickly view calculations for each year, up to 20 years, by using the slider control.

The following inputs may be specified: Purchase Price, Down Payment, Improvements, Interest Rate, Loan Term, Taxes, Other Annual Expenses, Appreciation, Rent, Rent Appreciation.

Rental ROI will automatically calculate: Closing Cost, Total Out of Pocket, Loan Amount, Monthly Mortgage Payment, Annual Cash Flow, Cash Net, Cash ROI, Cash plus Equity ROI, Property Value, Accumulated Equity, Principal Remaining, and the Montly Rent being charged in a given year.