Neat, I love it!
Shows a 1% property barely beats a stock market investor. Probably not quite worth the work, except for diversity.
If you can do better than 1%, it can definitely be worth it. Worse, it isn't. Makes sense why that's the break-even.
Would be cool if it generated a unique URL for each custom scenario to link to.
(You definitely need to change 7% to 10%. And add an inflation option. But do the first, regardless of the second.)
Thanks much for the feedback!
We're definitely wanting to generate a unique ID eventually...just need to figure out exactly how we want to do that and implement it. It'd make a ton of sense for a couple or business partners wanting to share results for a specific property.
Also noted on the +1 to stocks % - I'm recovering from a cold and might have it in me now to finally make the 1 minute change tonight.
For adding an inflation option, how would you want that used? Showing net worth at the end of X years in today's dollars?
Thanks a lot, I really like it a ton. Played with numbers and definitely going to get rid of the dogs amongst our rentals. Those puppies are going to be sold this year. Thanks for the visual to get me off my butt and rationalize the portfolio!
Ah, so glad you liked it! Haha, and I'm both very amused and slightly perturbed by the dog analogy. Our dog is definitely financially underperforming, but he's very fluffy.
Great Calculator!
For Maintenance, Real Estate Tax, Insurance, Management, there should be a % that it goes up every year due to Inflation.
So those are all currently going up based on property value and rents (which can be modified with [property growth %] and [rent growth %]) - Does that seem like a logical way of doing it (equations shown in assumptions/methodology at bottom of page)? This could definitely be made clearer, possibly with more mouse-over text, etc.
Also I think putting actual numbers instead of % for Expenses like Insurance, Repairs, etc. would be better. How about HOA Category?
Hmmm - I can see the appeal of that, but it makes it easier to have a general assessment based on % to start with, as we want to have the main calculator as simplified as possible, and a $1M house is going to have very different maintenance needed from a $100k house. Would it help if there was text to the side showing dollar amount, like with the down payment and closing costs fields? I think more explanation/detail like that in general would add to the calculator.
Ah, yes, HOA! We were thinking of having an "all other expenses" field that might say something like "e.g. HOA fees", so there can be a catch-all field.
Here is another good Calculator which you can input actual numbers, and input % for Inflation for each category. The calculator doesn't reinvest Cash Flow however.
http://www.calculator.net/rental-property-calculator.html
Ah, yes, we saw this when we were making our calculator. Good general calculator for considering a rental property. :)