Description
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The perfect tool for investors, rehabbers and realtors deciding which property to purchase and how much it will cost to carry the property using Hard Money Loans (Interim Financing) until it is sold or rented and refinanced. Rehab Calc is a simple, intuitive, real estate investors calculator.
Features
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- Created to be simple, efficient and effective
- Calculates quick ROI (Return on Investment on first screen)
- User inputs purchase price of property, projected repair estimate and Sales Price (ARV) - After Repair Value
- ROI Details Tab includes:
- Maximum Loan to Value based on 70% loan
- Out-of-Pocket costs for rehab (if any) not covered in the 70% loan
- Projected Closing Costs to acquire the property
- Monthly interest payment
- Total loan payments (based on a 6 month loan)
- Gross Profit
- Total Out of Pocket Costs
- Net Profit
- Total ROI (Return on Profit)
- User defined Options tab:
- Change the % of Closing Costs on the Purchase
- Change the % of Closing Costs if selling/refinancing the property
- Change the interest rate %
- Change the duration of the loan.
Rehab Calc makes it simple to calculate profit when using a hard money lender to acquire single family residence and multifamily properties.
"Rehab Calc has proven to be invaluable for our borrowers and helps them understand all of the expenses, profit and lengthy of time associated with acquiring properties using hard money lenders." Merrill Kaliser, Longhorn III Investments, LLC (Texas Hard Money Lender, www.longhorninvestments.com)
STZ Consulting, LLC (www.stzconsulting.com)