ProAPOD Real Estate Investment Software includes a mortgage calculator that allows users to calculate a wide-range of mortgage and time value of money calculations in seconds.

Mortgage calculations include monthly payment, balloon payment, bi-weekly payment, additional payment, desired payment and more. Time value of money calculations include present value (PV), future value (FV), savings and retirement account, net present value (NPV), internal rate of return (IRR), financial management rate of return (FMMR) and more.

Plus, there are three printable reports, including an amortization table, present value-to-future value table, and loan-to-interest table.

It’s easy to use, and best of all, it’s affordably priced (under $20). So it makes an ideal tool for personal use or as a gift idea for customers.

Whenever a real estate agent makes the transition from residential property to residential income property, the tendancy is to present the income property to the one doing the real estate investing the same way houses are presented to a home buyer. This can lead to (shall I say?) a rather embarrassing moment when you make your presentation to the investor.

Let me illustrate with a real story. A number of years ago when I attempted to present a large rental property investment to a real estate investor by referring to it as “beautiful” his response quickly taught me a lesson about investing in rental property that has never been forgotten. “Jim,” he said, “only women are beautiful. How much money does it make?”

So begin with the correct concept when you start working with income property. It’s not the waving palm trees and arched door ways that make a property appealing. Foremost, it’s the bottom line. How much money does it make?

Debt Coverage Ratio is a term real estate investors and real estate agents have probably heard of but might not understand. So let’s take a look at it’s intention.

The Debt Coverage Ratio (DCR) is a ratio that provides lenders information on the extent to which the income property’s net operating income (NOI) covers debt service and is useful to the lender’s decision making with regard to financing or refinancing an investment. Simply stated, it helps mortgage lenders determine whether the rental property generates enough cash to cover its mortgage payment.