Does anyone know a good one? I have one already but maybe there are better ones
Does anyone know a good one? I have one already but maybe there are better ones
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I would recommend trying to build one yourself just to understand how different factors affect investment value and market value. I incorporated analysis from several different perspectives, time horizons, and proxies for risk. I have created a Discounted Cash Flow model on excel that utilizes sensitivity analysis, NPV, Profitability Index and other performance ratios so that you can analyze 15 different types of property or property under 15 different economic scenarios. I always partitioned return to reflect different risk factors. There are some free cash flow software available on this site and online. Some companies like Argos have very sophisticated software that you might find interesting. Let me know what you end up using!
If you need software to calculate cash flow, you shouldn't be buying anything. Cash flow = NOI - debt payment. That doesn't take a computer to calculate.
Good Luck,
Mike
I was simply talking about a software were you can input some figures and it will do the rest (I know how to use the calucator) thank everyone for there input. Some people like to use stuff like this if you don't, don't bother to post a reply
And that is a cash flow software were I can build and manage a 25+ condo hotals
Please have a look at REI Partner. It's a software program written by real estate investors for real estate investors. It contains a detailed Cash Flow Analysis module along with several other modules that enable you to make intelligent investment decisions and store relevant documentation and contact info for each property. You can download it from http://www.murrayhilltech.com/rei_partner.aspx .
it is very simple and you should have this imbedded in your head
start simple then you can get mroe complicated
Rent - Mortgage - Taxes - Insurnace - Maintenace - Water - Utilties paid by you - management (pay yourself your time is worth something) - vacacies.
In syracsue since the houses are mostly 80 - 100 years old I find that maintenace costs eat cash flow the fastest so be careful estimating that number.