Income Property Analyzer v.1.6
by 
Oosterman Associates
(A Bunny Slipper Company)
67 Thurston Ave.
Whitinsville, MA  01588

Requires Windows 3.1 or better and Microsoft Excel v.5.0

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Income Property Analyzer is a spreadsheet I wrote to analyze the profitability of purchasing income property. Virtually any type of property from apartment buildings to commercial office space can be used.

To use it (if you need instructions) simply enter in the rents for the apartments (Space for up to 14 units.) enter in the estimated expenses such as taxes and insurance. The allowance for vacancies is automatically figured as a percentage. Then you enter the selling price, down payment, desired mortgage term, interest rate and points. The analyzer will then tell you what kind of cash flow you will get. By simply changing a few things you can best judge what course of action you would like to take.

Below the primary table is the per unit information. This lets you know what the cost per unit, expenses and income all on a per unit basis. 

Next to the Per Unit table is the Equity Table which tells you how much equity and income you will have built up after 1, 2, 3, 5, and 10 years.

Below that we have the Up Front Costs. This little table adds the Down Payment, Insurance, Points, Renovations that you are planning and space for other things you may have in mind.

As you enter in the pertinent information an amortization table is calculated. This is designed as an approximation. Your actual bank may vary.

This program contains two files; this one and IPA.XLS. Place them in Your EXCEL directory. Open it with Excel and enjoy!

I have found this spreadsheet to be invaluable in figuring the profitablilty of income property. It is my hope that you will too. If you find this spreadsheet to be valuable and useful, all I ask is that you send a check for $9.00. Is that too much to ask? This spreadsheet is under constant construction and I will never put the latest version on line. When I receive your $9.00 I will E-Mail you the latest version of the Income Property Analyzer and will make sure you receive each new version as it comes out for as long as I decide (It's my program, I make the rules).

Please send your $9.00 check made out to Oosterman Associates to:

Oosterman Associates
67 Thurston Ave.
Whitinsville, MA  01588

Jeff Oosterman

E-Mail your suggestions and/or comments to:

MilforW@aol.com
75111,17@compuserve.com
joostrmn@kersur.net