There are so many different rental property analyzer online, but why should you use Quanti-FI tools?
- Excels aren't as powerful and as intuitive
- Other tools don't allow you to edit and see your results at the same time.
- Quanti-FI tools are built for you, any believer in financial independence and make your fortune no matter the first time or the tenth time. You will be able to give feedback and request features (comment down below) to make it more powerful and make it work for you.
Let's dive in!
It has two resizable screens to enable you to adjust your expected income and expenses, and see the results at the same time.
First step is to fill in the details of your property, address, bedrooms, property taxes, etc.
Next step is to fill in purchase info. How much will you spend on purchasing, closing, repairing? Do you plan to use mortgage? How much is the down payment and interest rate?
We've got you covered. It will auto calculate monthly mortgage spending, and even has the mortgage amortization schedule for you to see how much equity you'll have at the end of 1 year, 5 years, or 15 years.
Last step is to figure out your expected income and expenses. If you are new, never forget to include vacancy rate and capex for your investment properties to avoid any surprises.
Once everything is set and done, you will have monthly cashflow, cash on cash, cap rate to determine whether you should make this investment.
You can see what exactly is in your monthly expenses. It seems like in this case mortgage is the dominating factor.
Last but not least, you can see your total profits after X many years including both cashflow and estimated property value growth. This will help you decide how long you should hold this property.
