From Soft Tool Pro, LLC:
CAP RATE PRO is the easiest, fastest and most professional tool to calculate how much money and what annual return you are going to obtain when purchasing a single family home, a townhouse or a condo as an investment property.CAP RATE PRO has been professionally designed to allow a non-finance proficient individual as well as to a proficient one, to obtain precise and professional results, by just entering basic and simple information. You will be able to calculate many different scenarios and obtain professional results so a better decision could be made from its analysis. The free version will allow you to obtain up to 4 Cap Rate results and will have no extra options like the paid version. The paid version will allow you to:Calculate unlimited Cap Rate resultsEnter extra Income and expenses for personal customization Conveniently save desired Cap Rates data, retrieve and edit theme-mail up to 5 Cap Rate scenarios at a time in nice and well-designed PDF attachments. CAP RATE PRO is designed to calculate 6 main results:First, the NET INCOME (Income less expenses) for a given Income and Expenses data, which means how much net money the buyer will receive, either monthly or annually.Second, the CAP RATE for a given Purchase Price and Net Income, which means the annual percentage on the investment the buyer will profit in.Third, CASH FLOW, which means the amount of money that the investor will get, monthly and annually, as a result of the selected purchase on a piece of real estate. Fourth, ESTIMATED PURCHASE PRICE on which the same property may be purchased to obtain a desired (user-entered) annual percentage of return.Fifth, CASH-ON-CASH RETURN: is the annual percentage of the money the Investor pockets-in related to the portion of the price the Investor pocketed-out in the transaction. In plain words, is the annual percentage of return on the money of his/her own the Investor put in the transaction.Sixth, BREAK-EVEN RENT that is the rent at which the investor will obtain no cash flow or zero cash flow. Therefore if the gross rent goes lower than that amount the investor will not only be unable to cover property payments and expenses but he/she will have to put money out of his/her pocket to be able to fully cover them.Cash or Financed purchase: CAP RATE PRO can be easily used to arrange multiple scenarios considering properties purchased either 100% cash or with financing (see below on the Financing Information section).Required information: All required information is very simple because it is either known by you or it is just public information. This information is as simple as purchase price, gross rent, vacancy, property tax, association dues and insurance. But there is more, extra convenient free data-input fields have been left for you to enter extra Income and extra Expenses for personal customization. On top of that, Income and Expenses are conveniently shown on Monthly and Annual values for better understanding and further decision making analysis.Financing information: If you are going to finance any portion of the Purchase price, you will be able to enter the desired financing information. It is very easy to enter. As easy as to enter Loan Term (years), Annual Interest Rate and Loan amount which may be entered either as a percentage of the purchase price (commonly known as Loan-To-Value LTV) or as a desired fixed amount. Best Price Estimation: Cap Rate Pro offers an exceptional estimation tool. A User-desired Cap Rate may be entered to instantly obtain a new Purchase Price for the property in order to obtain such annual percentage for the same given Income and Expenses. Save, retrieve, edit & e-mail: You will be able to save a desired Cap Rates data for future use, retrieve and edit them and you will also be able to e-mail up to five saved Cap Rate scenarios at a time to a third party. When e-mailing, a nicely designed PDF files will be received by the recipient.
What's new in this version:
1) Added Cash-On-Cash Return result.2) Added information and meaningful description for calculated values.3) General cosmetic improvements 4) Updated the pdf file to be e-mailed accordingly.