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Property Evaluator (Original Version)

Price: $1.99
Rating:
This app may no longer be available and has possibly been discontinued
Released: Jun 03, 2010
Version: Current 2.7 (iPhone OS 3.0 Tested)
Size: 0.3 MB
Parental Rating: 4+
Languages: English
Requirements: Compatible with iPhone, iPod touch, and iPad.
Requires iOS 2.0 or later.
Videos



Description
NOTE: Version 2.7 of Property Evaluator is compatible with iPhone OS 2 and above. If you have upgraded to iPhone OS 3 or above, you should check out the new Property Evaluator 3 app. It includes many powerful new features such as custom income and expense categories, emailing PDF files directly from the app, the ability to evaluate multi-unit and commercial properties, and more!



Note that version 3 is a separate app from version 2.7. I had to do this because version 3 was completely rewritten from the ground up, and it uses a new data format. I also wanted to keep version 2.7 available for people who are still running iPhone OS 2.



Here's the link:



http://itunes.com/apps/PropertyEvaluator



If you're flipping properties, you should also check out the new Property Flipper app:



http://itunes.com/apps/PropertyFlipper



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See more screenshots and details at:

http://www.realestatetools.com

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Property Evaluator is the most powerful real estate analysis tool for the iPhone. You can view performance projections on your phone or email them to your clients or investment partners as PDF files. It takes the guesswork out of finding the best deal before you buy!



Enter some basic information about the property in four easy steps, and then view reports that show a true apples-to-apples comparison between properties. It's much more sophisticated than a loan calculator, and it calculates quite a bit more than just cash flow.



WHO USES PROPERTY EVALUATOR?

- Investors use it to analyze deals.

- Real estate agents and lenders use it to create performance projections for their clients.



KEY FEATURES:

- Input the property information in 4 easy steps

- See a 30 year performance projection with cash flow, cap rate, and return on investment

- Email PDF projection to clients or investment partners

- Take a photo and store it with the property

- Save multiple properties or what-if scenarios

- AutoFill helps estimate expenses

- Slide your finger to change the holding period from 1 to 30 years, and all of the numbers instantly update!

- View a map of the property with Google Maps

- Built-in mortgage calculator with complete payment schedules

- Allows semi-annual compounding for Canadian mortgages

- International addresses and currencies are fully supported



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"Your program has helped me immensely. I’m about to sell a warehouse property because of it. Thanks!"

--John Applewhite, Real Estate Broker



"I bought three houses last week, and Property Evaluator really helped in analyzing different scenarios during the negotiations. It also helped the bank in assessing properties for the loans. We impressed the people we were negotiating with, and convinced them to accept aggressive purchase prices based on the cash flow scenarios included in the PDF projections. Thanks again and keep up the good work!"

-- Frank Saldana, Investor and Attorney



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What's New In This Version?
- Updated links to version 3 of Property Evaluator and Property Flipper

- Note that version 3 is a separate app
Reviews (10 of 32 available)
Awesome Program!
By Smart Investor on Nov 23, 2008
3 of 3 iTunes users found this review helpful
Version 1.0
I gave this application a try, and I have to say, for someone who's always thinking about the next property to invest in, this is a really fun tool. This makes looking at the numbers easy, and it's so handy, too. The best part is that I can take it with me instead of entering the numbers into my spreadsheet at home.

I like the fact that I can adjust all the settings - for instance using 10% down instead of 20%. Then I can use the auto-fill instead of typing in the numbers each time. It's pretty easy. I also like the slider that instantly updates the projection when you change the holding period.

If you're the type of person who always wanted to invest in real estate, but didn't have the guts because the numbers scare you -- or the type of person who always keeps up with local real estate so as not to miss the next great deal, then this is the tool for you. It's also 10 times cheaper than some of the desktop real estate software that I've bought in the past!
Utilities
By Johnny108 on Mar 24, 2009
3 of 4 iTunes users found this review helpful
Version 2.4
Needs expense catagories for utilities! (water,sewer,garbage)
Great app and great customer service
By davemole on Apr 03, 2009
2 of 2 iTunes users found this review helpful
Version 2.4
This is a very useful app for analyzing potential investments. The customer service is also top notch. I sent an email to customer support and receive a reply within an hour. The developer worked with me for several days to find and fix the issue. Amazing.
useful and useless
By chicagomark on Oct 23, 2009
2 of 3 iTunes users found this review helpful
Version 2.4
if you buy properties with instant equity this tools calculations on return on investment are very bad. if this tool had an ability to include known equity it would be good
Property Evaluator
By Application is Great on Jun 11, 2009
1 of 1 iTunes users found this review helpful
Version 2.4
This app works very well and is quite pratical and smartly programed. Especially with the ability to email files which they convert to a "pdf" and forward to you or others for printing out, etc.
Customer service responded quickly and was helpful. Good job!
Great app
By A.M.P. on Mar 28, 2009
1 of 1 iTunes users found this review helpful
Version 2.4
Needs to be able to provide current appraisal values to base LTV's on. I love the app though can't wait till the next version. Thanks Josh
Love it
By The blue dove on May 23, 2009
1 of 1 iTunes users found this review helpful
Version 2.4
Has everything u need!
Extremely well done and Useful
By WadeMcNary on May 12, 2009
1 of 1 iTunes users found this review helpful
Version 2.4
This app does a good job of anticipating the information you need to make purchasing decisions, and organizes it into an easy-to-use app. Very, very intuitive. I entered several properties I'm evaluating, and used the email function to send reports to investors directly. I'd like to be able to customize the expenses, and change the Cap Rate calculation from NOI/value to NOI/purchase price, but on the whole, excellent, and worth $10 or more, so a bargain at $2.
MAJOR PRIVACY ISSUES
By Dal0876 on Jan 20, 2010
1 of 1 iTunes users found this review helpful
Version 2.4
To email a PDF to a client, you have to upload it to the vendor's web server and the information is sent from their server. When you click on the email PDF link, a box pops up telling you that this is what is going to happen and there is no option to cancel. It doesn't say if they save this information or use it for their purposes. There's no reason they have to upload this information - which is usually confidential - to their server. I have other iphone apps that can email directly from the app. Also, the PDF that is sent to your client has a PropertyTracker ad all over it and doesn't look professional.
5 Stars from a veteran investor
By John Galt 2012 on Nov 24, 2008
1 of 1 iTunes users found this review helpful
Version 1.0
I’ve been using the companion application, Property Tracker, on the web for several years now with great results. This “lite” version for the iPhone is fantastic. It’s handy for quick analysis in the field making investing objective, scientific, logical and far less risky. We’ll worth the price!