On the upside, hand-held financial calculators such as an HP10 and HP12 have proven to be a great tool.
Financial calculators are true calculation workhorses. They enable us to make a series of complex amortization, cash flow and time value of money computations otherwise nearly impossible for most of us.
I’m not a math guy, so I certainly relied upon an HP10 for all of my complex computations.
On the downside, however, my primary complaint has always been that hand-held financial calculators are tedious. They require a number of key-strokes to make a calculation along with a close eye on the owner’s manual for instructions.
So for me at least, despite the benefit a hand-held financial calculator provides, because they are somewhat difficult to work with and generally very time consuming, I wanted an option.
Okay, I went overboard.
I developed iCalculator to mimic many of the same calculations you would make on a hand-held financial calculator. But with less user input and time. PLUS, it teaches you the definitions and formulas.
With iCalculator you can make dozens of calculations.
1) Investment
- Cap Rate
- Gross Rent Multiplier (GRM)
- Cash on Cash Return (COC)
- Acquisition Cost
- Sales Proceeds (before taxes)
- AND MORE
2) Cash Flows
- Internal Rate of Return (IRR)
- Net Present Value (NPV)
- Financial Management Rate of Return (FMRR)
- AND MORE
3) Time Value
- PV, FV, Rate, Years)
- Sinking Fund
- Inflation Rate (1913 – present)
- AND MORE
4) Tax Shelter
- Depreciation
- Cash Flow After Tax (CFAT)
- Return on Equity (after taxes)
- Sale Proceeds (after taxes)
- AND MORE
5) Mortgages
- Mortgage Payment (monthly, PI and PITI)
- Maximum Purchase Price (the most you can pay)
- Maximum Mortgage (the most you can borrow)
- Mortgage Refinance
- AND MORE
You Get
- Function. Real estate calculations
- Learning. Real estate investing definitions and formulas
- Mobility. 24/7 mobile online access
So You Know
You can learn more about iCalculator, including the previewing of screenshots, and purchase at a discount (a one-time payment of just $24.95). Go to iCalculator discount web page…
