Buy Repair Rent Refinance Real Estate Calculator 30.0
Free Version
Publisher Description
BRRR Calculator application is used when deciding to invest in rental real estate. The main distinction of the application from other similar is that the investment decision is taken on the basis of income, the investment will bring, not the price demanded by the seller.
To calculate investment property return provide Monthly Rent - rental income, Property Taxes per year, Property Insurance per year, Annual Repairs - a percentage of annual income (e.g. 5%), Vacancy - estimated number of weeks property is not occupied by tenants (e.g. 2 weeks). Based on these data are calculated Total Annual Income and Total Annual Expenses. Offer Price that make sense to buy this property is calculated as Net Operating Income (NOI) which is equal to Total Annual Income minus Total Annual Expenses divided by Cap Rate - a selected value around 8% or more. The offer price is reduced by the initial cost – Start Up Expenses of restoring the property rental condition. Entering a percentage what part of that price is a loan - Mortgage LTV in %, shall determine the monthly cash flow income (Cash Flow) as NOI minus Annual Mortgage Payment - annual payment for servicing the loan to purchase the property. If Cash Flow is below a amount provided by the user (e.g. $200 ) it is not worth making a deal. Another indicator is the Debt Servicing Ratio ratio of NOI to the annual payment for servicing the loan Mortgage Per Year. If this figure is less than 1.25 also is not worth doing a deal. The Return On Investment (ROI) is calculated as annual cash flow divided to the own capital invested in the property (100 - LTV %). The great ROI the better to invest in this property. If the investment is 100% financed with a loan, the ROI is infinity.
The app allows you to perform calculations on one of the following three parameters: monthly income; Cap Rate ; and Offer Price of the property to the depositor when set two of them and the others. For example, what monthly income if set Offer Price, Cap Rate and other parameters.
The application for one property is stored in preferences and automatically restores next time when application start. BRRR Calculator Enterprise is enhanced application capable of storing data for multiple properties and more investment features.
About Buy Repair Rent Refinance Real Estate Calculator
Buy Repair Rent Refinance Real Estate Calculator is a free app for Android published in the Office Suites & Tools list of apps, part of Business.
The company that develops Buy Repair Rent Refinance Real Estate Calculator is IIG Technology. The latest version released by its developer is 30.0. This app was rated by 3 users of our site and has an average rating of 2.8.
To install Buy Repair Rent Refinance Real Estate 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 2020-12-11 and was downloaded 519 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 Buy Repair Rent Refinance Real Estate Calculator as malware as malware if the download link to net.eaglepeak.brrr_calculator is broken.
How to install Buy Repair Rent Refinance Real Estate Calculator on your Android device:
- Click on the Continue To App button on our website. This will redirect you to Google Play.
- Once the Buy Repair Rent Refinance Real Estate 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 Buy Repair Rent Refinance Real Estate Calculator will be shown. Click on Accept to continue the process.
- Buy Repair Rent Refinance Real Estate 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.
