Thinking of buying a rental property?
This App will estimate yearly Return on Investment (ROI) calculations based on the specifics of the property and loan. Quickly view calculations for each year, up to 30 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 Plus will automatically calculate: Closing Cost, Total Out of Pocket, Loan Amount, Monthly Mortgage Payment, Annual Cash Flow, Cash In, Cash Out, Cash Net, Cash ROI, Cash plus Equity plus Appreciation ROI, Property Value, Accumulated Equity, Return If Sold, and Annualized ROI If Sold for a given year.
Rental ROI Plus includes some calculations that were not part of the original Rental ROI application. In addition, you can see 30 years of calcuations, instead of 20 years.
The application is intended to provide an estimate of actual returns, and is not intended to be an exact calculation. For example, dollar amounts do not include cents.
Updated for latest iOS version.
Ratings and ReviewsSee All
Easy to use. I like the automatic feature that recalculates when input is changed. Allows easy and fast What If analysis. Would like to see input stay in template when exiting app so I can return with input intact. An email feature would be great so results could preserved and shared. Well worth the money and will be less frustrating when these suggestions are programmed in. Will be five stars then!
simple to use
simple to use. I wish it didn't have a fixed 2% down. no costs should be fixed because every deal is different. will keep looking.
It's a useful app to start with. Like others said, could use more features:
Spot for Property Appraised Value
Keep data when switching apps on iPhone 4.
I hope you intend on expanding on this.
With Family Sharing set up, up to six family members can use this app.