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.

NEW: Article on Break-even Ratio

A new article to help real estate investors and agents understand the Break-even Ratio has been posted on the ProAPOD website entitled “How to Compute Your Investment Property’s Break-Even Ratio”.

The article explains the meaning of the ratio, why lenders use it when they are considering to underwrite a loan for rental income property, and the formula. Here’s an excerpt:

“Anyone who has been around real estate investing for any length of time is undoubtedly familiar with the term, Break-even Ratio, yet may not have a clue what is and why it’s used. So it seemed like a good idea to explain it.

Break-Even Ratio (or BER) is commonly used by lenders when they’re considering to underwrite a loan…”

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

The Best Way to Make Real Estate Calculations Quickly

Salem, Oregon (PRWEB) June 19, 2017

ProAPOD, a leading provider of real estate investment software since 2000, choose to develop an entire suite of real estate calculators named iCalculator specifically so users can compute financial calculations quicker, easier, and with less effort than with a handheld calculator.

iCalculator is able to achieve this because it utterly changes the way calculations are made. A handheld calculator requires the user to depress a sequence of keystrokes, and in some cases (at least for the more complex computations), the need to follow an instruction manual. iCalculator, on the other hand, collects the data in clearly labeled forms. There are no series of keystrokes, and no need for an instruction manual…even for highly complex computations. The user merely completes the form and presses Calculate.

“It was my goal from the beginning,” says developer James Kobzeff, “to offer the same type of calculations previously possible only on the handheld financial calculators, but with the benefit that they can be made by anyone effortlessly and instantly.”
iCalculator includes sixty-two calculators organized into five categories: mortgages, time value, cash flows, tax shelter, and investment. The user merely selects a category to display the list of appropriate calculators in that category, makes a selection, completes the form, and then clicks the Calculate button for the result. There’s even a Print function if the user elects to print out a screenshot of the calculation.

But iCalculator is also designed to be a learning tool. The calculators each includes a definition of that particular calculation along with a detailed itemization that shows the user how the computation was made (and in some cases, with the formula). So the user gets the benefit of both, function as well as learning. “An exclusive to iCalculator,” Kobzeff notes.

Another feature of interest is that iCalculator is 100% web based. Therefore it requires no download or third-party software and can be accessed 24/7 from any device that has internet access (PC and MAC). Moreover, it’s fully responsive. That means it will correctly adjust to any size screen—phone, tablet, desktop—automatically. So it makes a perfect resource for users who are on the go.

“I should also point out,” Kobzeff says, “that my earlier version of iCalculator was chosen for the Corporate Finance classroom at Southwestern College Kansas in 2007 and 2008. According to the instructor, he was particularly impressed that his students could use their laptops to make time value of money calculations in an easy-to-use format. And he was clearly satisfied because he used it for two consecutive terms.”

Availability and Pricing

iCalculator retails for $79.95. However, real estate professionals and organizations, schools, educators and students can purchase it for just $29.95. The appropriate links are provided on the ProAPOD website on the iCalculator web page.

It is a one-time purchase without any annual subscription fees, and all updates and/or any additional calculators that may be added to the program in the future are free of charge. When updates are made they are processed by the developer and become available to users automatically.

Better still, iCalculator also offers a five-day 100% money back guarantee. So you can try the program risk-free. If you decide not to keep the program, simply notify the developer within five days of your purchase and you will receive a full refund, no questions asked.
You can learn more about iCalculator on the ProAPOD website including, a full list of all sixty-two real estate calculators, two sample calculation videos, and the purchasing buttons. To get started, open the ProAPOD homepage and then click the “iCalculator” link in the menu.

About:
ProAPOD is a privately held software company located in Salem, Oregon. James R Kobzeff is the founder and owner.
Contact:
James R Kobzeff, Owner
ProAPOD Real Estate Investment Software
503-949-9034

Inflation Rate Calculator Updated for March 2017

The Inflation Rate calculator in ProAPOD’s iCalculator real estate calculators program has been updated recently to reflect the latest US government CPI data released on April 14, 2017. This update will enable users of iCalculator to compute US inflation rates from 1913 through March 2017.

For example, let’s say you would like to calculate the amount of money you would have to spend in March 2017 to have the same buying power for goods and services you spent may have spent (say) $200.00 for similar goods and services in 1933. Here are the steps:

  • Login to iCalculator
  • Select the category Time Value
  • Open the Inflation Rate calculator
  • Select 1913 as the starting year
  • Enter $200.00 as the dollar amount spent
  • Select 2017 as the ending year
  • Click Calculate

Result: $4,925.27 and 2362.6%.

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, 1955, 1988, 2015 and so on). And you can enter any amount (e.g., $1.00, $1,950, $27,500 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…

Inflation Rate Calculator Updated for Feb 2017

ProAPOD updated the Inflation Rate calculator in it’s iCalculator real estate calculator program to reflect the latest US inflation rate government data released Wednesday, March 15. This update means that iCalculator users will be able to compute US inflation rates from 1913 through February 2017.

For example, let say that you want to determine how much you would have to spend in February 2017 to have the same buying power for goods and services you spent may have spent (say) $200.00 for similar goods and services in 1933. You would select 1913 as the starting year, then enter $200.00 as the dollar amount spent, then select 2017 as the ending year, and then click Calculate to reveal the result: $4,921.27 and 2360.6%.

iCalculator’s Inflation Rate calculator does not limit you to either the years or the amount you want to compute, however. You can select any starting year and any ending year (e.g., 1913, 1948, 1995, 2010 and so on). And you can enter any amount (e.g., $1.00, $950, $20,500 and so forth).

So You Know

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 December 2016

The US annual inflation rate over 2016 climbed at the fastest pace in five years according to government data released Wednesday, January 18. iCalculator, therefore, has updated its Inflation Rate calculator to reflect this most current data. So you can now compute inflation rates from 1913 through December 2016. For example, you can now determine how much you would have to spend in December 2016 to equal the same buying power for goods and services you spent may have spent (say) $20.00 for similar goods and services in 1913. (Answer: $484.86).

iCalculator’s Inflation Rate calculator does not limit you to either the years or the amount you want to compute, however. You can select any starting year and any ending year (e.g., 1913, 1962, 1995, 2011, and so on). And you can enter any amount (e.g., $1.00, $20, $950, $2,500 and so forth).

So You Know

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…

Calculating a Buyer’s Maximum Purchase Price

maximum-purchase-price-form

Real estate agents and buyers are often faced with the dilemma of trying to calculate the maximum purchase price a buyer can afford to pay based upon certain buyer criteria.

  1. The buyers desired cash down payment
  2. The buyers desired monthly mortgage payment
  3. The buyers anticipated mortgage rate and terms

For example, let’s say that the buyer has $10,000 cash to put down, can afford to pay $1,200 per month, and would reasonably expect a bank to quote a fully amortized thirty-year loan at 5.9% interest rate.

The solution is fairly straightforward: cash down + loan amount = the maximum purchase price.

Okay, but the challenge is being able to calculate the correct loan amount at an interest rate of 5.9% that will fully amortize at $1,200 per month (principal and interest) for 30 years.

To make it easy for you, we have included a “Maximum Price” calculator in our iCalculator program. You just enter four lines of data to get the result. (Note illustration below).

maximum-purchase-price-form

So You Know

The buyer’s maximum purchase price is just one of over sixty online real estate calculators available in iCalculator. See them all at real estate calculators

Inflation Rate Calculator Updated for October Increase

According to government data released Thursday, November 17, annual inflation in the United States ran at the fastest rate in two years as consumer prices in October climbed the most they have in the previous six months of this year.

iCalculator, therefore, has updated its Inflation Rate calculator to reflect this most current data. That means you can now compute inflation rates from 1913 through October 2016. For example, you can now determine how much you would have to spend in October 2016 to equal the same buying power for goods and services you spent may have spent (say) $20.00 for similar goods and services in 1913. (Answer: $488.34).

But so you know: 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, 1956, 1988, 2015, and so on). And you can enter any amount (e.g., $1.00, $20, $780, $1,000,000, or whatever).

So You Know

Users never pay for updates. So 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…