Would it be useful to build an online CapRate calculator?

Question

hi, in addition to real estate, I am a professional web developer. I often find myself calculating cap rates in excel. do you think it would be useful to create an online application that could allow you to input your cap rate information, see the results, and then save the cap rate profile so it was capable of sharing the link with someone?

I understand that regular cap rate calculators exist, but does anyone know of a cap rate calulator that saves your information and allows you to share the links etc?

let me know your thoughts!

I understand that regular cap rate calculators exist, but does anyone know of a cap rate calulator that saves your information and allows you to share the links etc?

let me know your thoughts!

John Thedford · Answer

Innovative ideas but not sure that this particular one would be of any real value.

William Howley · Answer

Also if I were ever able to get property data through an API, in theory the caprate could be calculated just from inputting the address. such data sources are not easy to grt though.

William Howley · Answer

Well for example if you shared the url, the person would be able to view all of the expenses you added when seeking advice. for example I send you a link and you notice that I am missing trash, renters insurance, and property has a private well needs quarterly well testing. due to the uniqueness of some properties there are expenses people forget. it is also more convenient to convey possible deals to other investors.

Michael Le · Answer

Hi @William Howley, what data do you put in to calculate in Excel? The formula is pretty simple and with any 2/3 of the variables you can use any calculator to get the third. Also, for what purpose can you think of for sharing the link as opposed to just providing the cap rate you calculated?

I think it's great you're trying to come up with tools and systems to make you more efficient. I'm just understanding how you envision its use right now.