Income Property Comparator is a professional real estate comparison application designed specifically for iOS devices. Income Property Comparator can help you choose the best income property out of a number of possibilities. It allows you to make true apples-to-apples comparisons using quantitative and qualitative measures. The application was designed to be used by prospective property investors, real estate agents, mortgage lenders, and appraisers.
The application allows for the storing of multiple income properties. For each property, financial information including purchase price, mortgage amount, purchasing fees and capital improvements can be entered. Further, monthly income and expense information can be entered.
Once multiple properties are entered, Income Property Comparator is able to produce a professional comparison report. This powerful report creates a one page summary sheet of each property, and then compares properties on a number of important measures, including purchase price, cash flow, net income, cap rate, and return on investment. You can quickly compare the initial investment required for each property, and compare return after a number of years.
Income Property Comparison is extremely useful on the go. During a visit to a potential income property, the app allows you to quickly enter property information and save images, allowing you to access the financial viability of properties in a matter of minutes.
The standard version of the app is free but includes ads, limits the number of saved properties, limits individual property evaluation, and provides limited saving, printing, and exporting functionality. Upgrade to the premium version to remove all ads, turn on individual property evaluation (including a professional PDF evaluation report) and save, print, or export any number of professional pdf reports to yourself and clients.
The application is designed to be used in Canada and the United States, however, it is flexible enough to be used in any english speaking country. Support for non-english languages is forthcoming.
For more information on this product and others like it, visit www.duplexsoft.com