iPhone 5S & iOS 7 compatible. The most comprehensive Buy-v-Rent analysis iPhone app on the App Store. iRenter will give you estimates of the total accumulated costs of buying v. renting based on the renting information and buying information. It will take into account many factors in the estimation including inflation, home appreciation rate, housing expenses, rent increase, tax savings, capital tax gain, and more.
iRenter is easy to use with intuitive user interface, and it comes with a loan or mortgage calculator.
iRenter will also calculates the opportunity costs of the initial costs of buying and recurring costs of renting and buying. Opportunity costs are the return that could have been earned on these payments or costs.
Here are the factors taken into consideration in the Buy-v-Rent Analysis:
1.Holding period
2.Marginal tax rate
3.Home appreciation rate
4.Return on investment
5.Inflation rate
6.Capital gain exclusion on home sale
7.Capital gain rate
8.Home insurance
9.Property taxes
10.Buying costs
11.Selling costs
12.Rent increase
13.Renters insurance
Features
1.Total accumulated costs
2.Costs summary breakdowns
3.Recurring costs
4.Non-recurring costs
5.Opportunity costs on all expenses
6.Loan calculator for borrower (home, auto, credit card loans)
7.Ease of use – large number keypad
8.Ease of navigation – never have to scroll to input numbers
9.Intuitive & user-friendly user interface
10.Amortization schedule
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