Fast Cap Rate is designed for easy calculations for rental income while on the go
Fast Cap Rate
What is it about?
Fast Cap Rate is designed for easy calculations for rental income while on the go. Simple and easy to use,
App Store Description
Fast Cap Rate is designed for easy calculations for rental income while on the go. Simple and easy to use,
only five inputs to get the basic results you need to know before pursuing a rental investment
opportunity in real estate. See and evaluate the results in the following areas: Gross Operating Income,
Net Operating Income, Cap Rate, Debt Coverage Ratio, and Cash Flow (pre-tax). The Fast Cap Rate
application allows you to make a fast decision on a property’s potential based on your criteria. Easy help
buttons guide through any questions on entering the information to get the results you want – fast.
This free – and ad free version allows you to enter and calculate the following:
ENTER:
Gross Scheduled Income - Total Potential Annual Rent from the Property.
Vacancy and Credit Loss - Percentage of uncollected rent or empty units. Minimum of 5% is
recommended.
Operating Expenses - Percentage of the Gross Scheduled Income used for the Operating expenses.
Typical Investments range from 30-45% of the GSI.
Monthly Loan Amount - Total of any principal and interest payments on loans to acquire the property.
Asking Price of the Property - Amount of money the Seller wishes to receive.
CALCULATES:
Gross Operating Income - Gross income remaining after vacancy and credit losses are deducted.
Net Operating Income - Net income remaining after the Operating Expenses have been deducted.
Cap Rate - Capitalization rate measures performance of the first year return.
Debt Coverage Ratio - Lenders use DCR to qualify the property. Net income compared to loan
payments.
Cash Flow (pre-tax) - Cash income per year before taxation.
Approximate Value - Property value at an 8.5% cap rate allowing for better accessibility to financing.
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