Inflation Rate Calculator Updated for October 2017

The Inflation Rate Calculator included in the iCalculator suite of online real estate calculators has been updated in accordance with the latest US government CPI data released on Wednesday, November 15. This update means iCalculator users can now use the inflation rate calculator to compute US inflation rates from 1913 through October 2017.

Example

You spent $3,300 for a used car back in 1988 and want to know how much money you would have to spend in October 2017 to purchase a similar car. Here are the steps:

  • Login to iCalculator
  • Select the category Time Value
  • Open the Inflation Rate calculator
  • Select 1988 as the starting year
  • Enter $3300.00 as the dollar amount spent
  • Select 2017 as the ending year
  • Click Calculate

Result: $6,880.71 and 108.5%.
Explanation: Due to a 108.5% increase in the U.S. inflation rate since 1988, you will currently have to spend $6,880.71 for essentially the same car you paid $3,300 for back in 1988.

So You Know

1. The Inflation Rate calculator in iCalculator does not limit you to either the years or the amount you want to compute. You can select any starting year from 1913 through to the present, and enter any dollar amount you wish.

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 Multifamily Property Investment Benefits

An article entitled “The Benefit of a Multifamily Property Real Estate Investment” has been written and posted on the ProAPOD Real Estate Investment Software website.

The article explains why some real estate investors prefer multifamily income property over the other types of real estate investment properties. Here’s an excerpt:

“Although each type of property share many of the same characteristics common to all investment real estate, it is also true that many real estate investors strongly favor multifamily property above the others as their investment of choice.

So it seemed like a good idea to suggest why that might be the case. Okay, but first let’s make sure we understand a couple of things about multifamily property.”

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

Inflation Rate Calculator Updated for August 2017

The Inflation Rate Calculator included in ProAPOD’s iCalculator real estate calculators program has been updated to reflect the latest US government CPI data released on Thursday, September 14. With this update iCalculator users can now use the inflation rate calculator to compute US inflation rates from 1913 through August 2017.

Example

You spent $1,500 on a family vacation back in 1977 and are curious to know how much money you would have to spend in August 2017 to have the same buying power for similar goods and services. Here are the steps:

  • Login to iCalculator
  • Select the category Time Value
  • Open the Inflation Rate calculator
  • Select 1977 as the starting year
  • Enter $1500.00 as the dollar amount spent
  • Select 2017 as the ending year
  • Click Calculate

Result: $6,077.20 and 305.1%.
Explanation: Due to a 305.1% increase in the U.S. inflation rate since 1977, you will currently have to spend $6,077.20 for essentially the same vacation you enjoyed for $1,500 back in 1977.
Screenshot:
inflation rate computation

So You Know

1. The Inflation Rate calculator in iCalculator does not limit you to either the years or the amount you want to compute. You can select any starting year from 1913 through to the present, and enter any dollar amount you wish.

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…

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:

  • Login to iCalculator
  • 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.