Rent or Buy A Home – Tool for fiscally prudent souls

This silverlight-based tool (simillar to flash, but from microsoft..your browser might have it already or prompts for it if not) attempts to bring clarity to your decision making in terms of home buying. It Allows you to key-in basic data about mortgage and gives you the following:

a) the ROI that you could expect on your money going towards home every year versus renting out.
b) the wealth that would be accumulated by you in comparison to renting out over the entire time-horizon
c) simple graphs to let you visualize the impact on wealth as a result of a broader house-price-appreciation and holding period range (ex: 10-40% price-upside over the next 5-10yrs).
d) a better answer to this question: “Am i better off renting a house?”, each and every time you have a house in your mind.

Assumptions:
It doesn’t attempt to quantify the intangible non-financial benefits (Quality of life improvement,..).
Rent inflation, interest payment tax deduction, property taxes, hoa and insurance are considered in the analysis.

So, make your homebuying decision a well informed and prudent step from financial standpoint! Here’s the URL:

Screenshot:

And as always, keep bringing in those suggestions and feedback.
PS: This tool is designed with Microsoft Silverlight (similar to flash) and requires a Silverlight plug-in with in your browser. Lot of browsers like Internet explorer, Google Chrome, Firefox do support Silverlight.

Real Estate Investment Analysis Tool

A thorough analysis of any income-producing real estate property (Multi-Home or Commercial)  is critical to ensure positive returns by considering all the variables that could easily topple your basic estimates and put you in red.

This tool designed by me is aimed at intelligent investors who would like to know their return considering different scenarios like:

1. What if NOI(Rentals-Expenses) growth divert from your range?
2. How would it fare under a range of possible disposition(sale) prices?
3. Would it make sense from a return stand-point to hold it for another 2-3 yrs?
4. How would my returns look like for a range of mortgage interest rates?

So, Take  a test drive!   Use it and Benefit from it!

Real Estate Invest Analysis Tool by Siva Moturi

Tool URL:

Click here to Use the Tool

And as always, keep bringing in those suggestions and feedback.

PS:  This tool is designed with Microsoft Silverlight (similar to flash)  and requires a Silverlight plug-in with in your browser. Lot of browsers like Internet explorer, Google Chrome, Firefox do support Silverlight.