Landlords Calculator Version 3 in testing

by Mark Alexander

8:50 AM, 7th February 2014
About 5 years ago

Landlords Calculator Version 3 in testing

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Landlords Calculator Version 3 in testing

We are looking for landlords and professional advisers to test and provide feedback on version 3 of our landlords calculator.

This version includes new fields for you to add budgets for maintenance costs, management costs, voids periods, ground rents, service charges, re-letting costs and insurance. This replaces just one field in version 2 of our landlords calculator which grouped all of these costs together as a percentage of rent before working out net cashflow, return on capital invested and interest rate break-even points. Landlords Calculator Version 3

Version three also has a much improved reporting function which allows you to have a report of the calculations emailed to you along with suggestions on where you may be able to tweak up your returns by reducing your ongoing costs.

Please provide feedback in the comments section below the calculator.

UPDATE – whilst we are testing the download report is FREE. Simply exit when you get to the PayPal page and the report will be emailed to you without payment being required. If you don’t receive the report within 5 minutes please check you spam/junk folders and let us know if that is where the report appears.

Landlords Calculator Input Page v3.2

  • Gross annual rent expressed as a percentage of property value.
  • LTV stands for "Loan to Value". It is your loan expressed as a percentage of the value of your property. This is also known as gearing. It's important to know this when you are looking at which mortgage products are best suited to your requirements.
  • Equity is the money you would get back if you were to sell your property after repaying your mortgage. You would probably have to pay an estate agent or an auctioneer and also a solicitor too so not all of this money would end up in your pocket if you were to sell.
  • (excluding mortgage interest)
  • If you decide to download a summary report of these calculations we will share ideas on reducing your costs.
  • After deducting all mortgage interest payments and costs your current return on equity or averaged monthly cashflow in £ is
  • This is your net annual cashflow expressed as a percentage of the equity you have in your property. This calculation is also referred to as; return on cash, cash on cash return, return on capital employed/invested, ROC and ROCI. NOTE - if you have zero or negative equity the this figure is not relevant.
  • Based on the figures you have entered the break even interest rate is ....
  • Only complete the sections below if you would like to download a full report for your own records which includes suggestions on how to increase your returns and protect your cashflow.
  • For your own reference purposes only
  • For your own reference purposes only
  • For your own reference purposes only
  • For your own reference purposes only
  • E.G. bank base rate plus 1.75% for the remaining term of the mortgage. NOTE - this field is for your own reference purposes only
  • For your own reference purposes only
  • For your own reference purposes only
  • For your own reference purposes only
  • For your own reference purposes only
  • For your own reference purposes only
  • For information regarding capital gains tax payable on sale, how it may be reduced and the importance of reporting the sale to HMRC whether you have made a profit or not please see the Tax section of this website


Comments

Mark Alexander

9:35 AM, 7th February 2014
About 5 years ago

Quick question, Neil and I have been debating how much we should charge for the download report. Bearing in mind that we need to raise funds to continue developing these tools do you think we have got the price about right or should it be more or less?
.

Mark Alexander

10:01 AM, 7th February 2014
About 5 years ago

Twitter feedback ....


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Sue P

10:02 AM, 7th February 2014
About 5 years ago

I think if you are asking people to test your report then you should allow them to download it for free - I have just put info for one property in & received an error message saying I can t get the email report without paying.

In order to evaluate the report I do need to see it!

I can't give you a value for something without seeing what it is I am valuing.

Mark Alexander

10:23 AM, 7th February 2014
About 5 years ago

Reply to the comment left by "Sue P" at "07/02/2014 - 10:02":

Hi Sue

Thanks for your feedback, that's a fair point but we will have the same issues to overcome when it goes live. Do you have any suggestions?

What about the calculator itself, was that useful?
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Sue P

10:41 AM, 7th February 2014
About 5 years ago

It is a useful excersise to get all the bits of information in one place.
I can't comment on your report, but the free system doesn't highlight the calculated figures very well, or reference what might be seen as the industry norm for those figures.
For new investors looking at one property then fine, but it would be more useful to be able to look at a whole protfiolio and see the variations between properties.
I guess most landlords do this themselves via a spreadsheet every so often.
Are you able to use the paid reports to do this? I guess even if you are then it is a very expensive way of analysing your portfiolio at £14.99 a property.

Mark Alexander

10:49 AM, 7th February 2014
About 5 years ago

Reply to the comment left by "Sue P" at "07/02/2014 - 10:41":

Hi Sue

We do also have a Portfolio Review spreadsheet which is free to download, please see >>> http://www.property118.com/property-portfolio-review-spreadsheet/33695/

You may also wish to check out our Property Research Tool >>> http://www.property118.com/property-search-tool/

The purpose of the Landlords Calculator is to produce a report on each of your properties which collates and analyses the key figures and financial information. The report which costs £14.99 provides tips on how to improve returns by increasing rent or reducing costs. These reports can then be used for comparison purposes when deciding to buy or sell more properties or indeed to makes changes to improve your returns.

There isn't really a typical property investment deal because everybody has different views on yields, capital growth prospect and of course the type of property, tenant and location all produce very different results.
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Mark Alexander

10:59 AM, 7th February 2014
About 5 years ago

Twitter feedback ...


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Mark Alexander

13:29 PM, 7th February 2014
About 5 years ago

Reply to the comment left by "Sue P" at "07/02/2014 - 10:02":

Hi Sue

Try again now, it will send you the report whether you have paid or not 🙂
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Some One

14:14 PM, 7th February 2014
About 5 years ago

Reply to the comment left by "Mark Alexander" at "07/02/2014 - 13:29":

Really? I tried clicking the download button and it took me to paypal.

At least stick up a dummy copy of one of these reports.

Mark Alexander

14:17 PM, 7th February 2014
About 5 years ago

Reply to the comment left by "Some One" at "07/02/2014 - 14:14":

Yes, it does still take you to PayPal but I've set it up to send the report whether you pay or not. You should have received it by now, if not please check junk/spam folders 🙂
.

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