Technology Tuesdays

REalyzer- A Real Estate Investment Purchase Calculator for iPhone and iPad

REalyzer = (Real Estate + Analyzer + Realize)

When purchasing income property investors need to be able to evaluate

properties on an apples-to-apples basis, and to be able to compare them side-by-side. The REalyzer Real Estate Investment Purchase Calculator for iPhone and iPad allows them to do just that for single or multifamily properties

The REalzyer provides a total of 15 total outputs including cash on cash return, cash flow, capitalization rate, gross rent multiplier, debt service coverage ratio (DSCR), break-even occupancy, target price, cost and rent per square foot, cost and rent per unit, and more. The DSCR output is nice because a lender may not lend above a certain ratio and therefore you may use this to negotiate the purchase price. Break-even occupancy shows the average occupancy necessary to just pay all the expenses including the mortgage. One of the best features of the REalyzer is to be able to see all the metrics for each property in a column format on one screen. The best metric values for each property are highlighted in green to quickly see the outstanding performance characteristics of each property. “Target Price” is calculated based on your desired capitalization rate and the net operating income, which provides guidance against paying too much for a property.

J.B. of De Novo Properties LLC, the developer the REalyzer, is an income property investor from the East Coast. Rui Yang from CA wrote the program for the iPhone OS.

Link to the REalyzer:

http://itunes.apple.com/us/app/realyzer/id413934049?mt=8

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This guest post is part of our Technology Tuesday Series. We seek out the latest and greatest technology companies out there whom we feel offer cutting edge products and services to consumers. Our readers are interested in the financial and real estate industries as consumers and professionals. If you feel that you or your company has something wonderful to offer and would like to write about it, please contact us at liz@dalesiegel.com