Inflation Rate Calculator Updated for July 2017

ProAPOD updated the Inflation Rate Calculator included in its iCalculator real estate calculators program to reflect the latest US government CPI data released on August 11, 2017. So iCalculator users can now compute US inflation rates from 1913 through July 2017.

Example

You would like to determine how much money you would have to spend in July 2017 to have the same buying power for goods and services you spent may have spent (say) \$900.00 for similar goods and services in 1983. Here are the steps:

• Select the category Time Value
• Open the Inflation Rate calculator
• Select 1983 as the starting year
• Enter \$900.00 as the dollar amount spent
• Select 2017 as the ending year
• Click Calculate

Result: \$2,211.92 and 145.8%.

So You Know

1. iCalculator’s Inflation Rate calculator does not limit you to either the years or the amount you want to compute. You can select any starting year and any ending year (e.g., 1913, 1968, 1988, 2011 and so on). And you can enter any amount (e.g., \$1.00, \$2,930, \$97,500 and so forth).

2. If you are a current user of iCalculator, the Inflation Rate calculator will automatically reflect this latest update the next time you calculate. Learn more about iCalculator…

NEW: Article on Annual Depreciation Allowance

An article entitled “How to Figure a Real Estate Investor’s Annual Depreciation Allowance” has been written and posted on the ProAPOD Real Estate Investment Software website.

The article explains the the allowance for depreciation real estate investors are given by the IRS along with the formulation. Here’s an excerpt:

“One of the biggest tax deduction benefits associated with real estate investing is the allowance for depreciation real estate investors are given by the IRS. Primarily because depreciation (known as cost recovery) is a “paper loss” the real estate investor can write off during each year of ownership without having to spend a dime out of pocket.”

The article is free to read courtesy of ProAPOD Real Estate Investment Software.

NEW: Article on Rental Property Evaluation

A new article on rental property evaluation that shows real estate investors and agents how to quickly and easily estimate a rental property’s value has been posted on the ProAPOD website entitled “2 Easy Ways to Quickly Estimate a Rental Property’s Value”.

The article explains the meaning and formulation for Gross Rent Multiplier and Capitalization Rate, and then shows how each can be used to compute an estimated value for any particular rental income property. Here’s an excerpt:

“Sometimes it helps to be able to calculate a rental income property’s estimated value just as a quick first-glance look to determine whether its in line with similar properties in the local market area…not to provide a true picture of a property’s profitability, but just to help decide whether or not it even comes close to being a good real estate investment opportunity”

The article is free to read courtesy of ProAPOD Real Estate Investment Software.