Property Analysis in Your Pocket!

Input the property information in 4 easy steps.

Look at the First-Year Projection if you want to flip the property.

Look at the Multi-Year Projection if you want to buy and hold.

Touch the Map button to locate the property using Google Maps.

Step 1: Purchase Info

Enter the Address, Purchase Price, Closing Costs, and Fixup Costs.

AutoFill estimates the Closing Costs and Fixup Costs as a percentage of the Purchase Price.

Step 2: Appreciation

Enter the Initial Market Value and Appreciation Rate.

Touch AutoFill to enter your default Appreciation Rate.

Step 3: Income & Expenses

Enter the Monthly Rent, Vacancy Rate, and your Expenses.

AutoFill estimates your expenses as a percentage of the Rent and Purchase Price.

Step 4: Mortgages

Enter the loan info for your first and second mortgages. You can choose between Amortizing and Interest-Only payment schedules.

Touch AutoFill to instantly enter your default loan info.

Amortization Table

Check out the payment details and balance for the entire term of the loan.

The annual totals for Interest and Principal are shown for each year.

First-Year Projection

The First-Year Projection shows how your property will perform over the first year of ownership.

The Purchase section shows you the details of the property purchase. The Initial Cash Invested includes your Downpayment, Closing Costs, and Fixup Costs.

The details of your loans are shown in the Mortgages section.

The Income section calculates your Operating Income as the Gross Rent minus the Vacancy Loss.

The Expenses section shows all of your expenses in monthly and annual amounts, and adds them up to get your Operating Expenses.

The Net Performance section shows you the Net Operating Income, Cash Flow, and Gross Equity Income. Many investors only look at the NOI or Cash Flow when buying a property, but the Gross Equity Income is really the most important value to look at, because it shows your bottom-line performance.

The Performance Metrics section is the most valuable section of the First-Year Projection. It shows several metrics that allow you to do a true apples-to-apples comparison between properties. The Pre-Sale and Post-Sale ROI are the most important metrics to look at.

The Assumptions section shows you some of the key assumptions used to generate the First-Year Projection. You can change these values on the inputs and settings pages.

Multi-Year Projection

The Multi-Year Projection projects the performance of your property out to 30 years. This is the best report to look at if you're a buy-and-hold investor.

You can move the slider at the bottom of the report to change the holding period from 1 to 30 years, and the numbers instantly update!

The Income and Expenses sections have the same format as the First-Year Projection.

The Income Analysis section shows you how the property is performing as a buy-and-hold investment. The Return on Equity shows you how hard your money is working for you. For example, in 10 years you might have a bunch of dead equity in this property that you could pull out and leverage into another property.

The Loan Analysis section shows your Equity, Loan-to-Value Ratio, and Potential Cash-Out Refi. You'll be able to predict when you can pull some money out of the property.

The Sale Analysis section calculates your Net Profit and Return on Investment when you sell the property. You can change the Holding Period slider to instantly see how many years it will take to break even, and how many years it will take to make a good profit.

Map

Touch the Map button to show the location of the property on Google Maps.

Unlimited Number of Properties

Add new properties by touching the Plus button. You can store multiple properties and what-if scenarios to do your comparisons.

Touch the Edit button to delete properties.

Settings

Touch the Settings tab to change your AutoFill, Projections, and International settings.

AutoFill Settings

You can change any of the AutoFill Settings to match your preferences.

This really speeds up your property analysis!

Settings for Projections

You can easily change any of the assumptions used for the performance projections on the Projections page.

International Settings

The International settings page allows you to display a Postal Code and Country name on the Purchase page if you're outside the US.

You can also choose the appropriate compounding period for the mortgage calculations. For example, US mortgages are compounded monthly, and Canadian mortgages are compounded semi-annually.

The Easy Way to Invest Like a Pro

Thanks for taking a look at Property Evaluator!

Hopefully it will help you separate the peaches from the lemons, and boost your investment returns.

We would love to hear your feedback and suggestions for future improvements.

Our goal is to make this the best real estate analysis tool for the iPhone!