Rental Property Selector (Rental Yield Calculator) for iOS

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Developer’s Description

Are you looking for an investment/rental property and want an Easy-to-Use app to do quick evaluations of feasibility.

Are you looking for an investment/rental property and want an Easy-to-Use app to do quick evaluations of feasibility. Are you tired of the detailed finance apps that require you to manually type in all the various costs/amounts via the keypad. This app is for you. This app makes things simple by: Uses "rule of thumb" metrics to estimate parameters automatically for you. (e.g. rental expenses = x% of rent). Easy-to-use slider based controls to set values (no keyboard entry). Visual indications (gauges) to see immediate impact of altering values (e.g. expected rent, purchase price etc). Customize the default values for rule-of-thumb parameters plus override them if required for a particular property. Other features include: Property Edit View - with immediate visual feedback. Report View - shows calculation derivation for the property. Property Comparison View - compares properties via their key indicators. Goal Seeker Function - Click on wand to determine what purchase price you would need to offer to "break even" on a rental property. Help Screens. Share via Facebook, Twitter, Email, SINA if you have configured on your device. Custom Costs: Specific costs you can select for your situation: V1.0: Stamp Duty calculations for each state in Australia. Includes coverage for: Purchase Price. Weekly Rent. Loan Costs. Other Costs (e.g. conveyancing). Custom Cost. Cash Injection (cash you inject to lower loan). Vacancy Rate. Rental Expenses (managing agent, rates, etc). Depreciation Rate. Interest Rate (on loan). Tax Rate (used calculate tax cost/refund). Ability to toggle on/off support for "Interest on Loan is tax deductible". DISCLAIMER: This app provides only approximate/indicative figures only. The user should only make investment decisions based on advice from a professional accountant.