I finally got my iPhone 4 yesterday and started to add all the apps I had on my iphone 3G. One of the apps I purchased was Property Evaluator from PropertyTracker.com. It’s a great tool for real estate investors and realtors who want to evaluate investments by comparing different properties and mortgage options in a simple report.
You can use it for residential as well as commercial investments so its quite versatile. You can compare cost and rent per square foot with other properties in the area, estimate income and expenses before you buy and compare different loan options. You can also project cash flow, gross equity income and find out what potential tax savings you may be able to take advantage of.
To get started, you need to enter all of the properties information into the property data screen. Once all the data has been entered, the calculations are done for you.
You can also purchase an account on the PropertyTracker.com web site where you can do many of the same functions that you do on the iphone but through a web browser. Here is a screenshot of the First-year Performance report.
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