• Annual Rental Expense Increase Made Even More Flexible.  Option added to either increase total expenses by one annual percentage rate or assign individual annual rate increases per expense item.

• Vacancy Rate Made Even More Flexible.  Option added to either enter one vacancy rate per year, or assign an annual vacancy rate for each year.  Option allows for significant lease-up and development scenarios.

• Management Fee Option Expanded.  Apply a management percentage based on either:
  
  1. Gross Rental Income Method
  2. Net Rental Income Method (after vacancy)
  3. Gross Rental Income Method with Other Income
  4. Net Rental Income Method with Other Income

• Goal Seek Option Modified.  Solve for required rental income (lease amount) for a specified Cash-on-Cash return goal for any year.  Calculated rental income requirement then discounted to today to determine the initial (or beginning) lease amount.

• Expanded Future Property Improvement Option.  Place future improvements in any year up to 20 years.  Feature expanded from 10 years.  Tax depreciation is automatically calculated with income tax effects on sale and recapture automatically taken into consideration.

• Down Payment Button Added.  Option added to use a drop-down menu to enter quickly enter a percentage of cost as the down payment, e.g. 20%, or enter the actual loan amount.

• Formatting Changes.  Various improved formatting changes for input screens, reports and graphs.

• APOD Enhancement.  Modified APOD to be populated by either the entered detail rental expenses or by the net total expenses entered using the “Alternative Input” method.

• Date & Time Stamp.  Added to Cash Flow Analysis and Income Tax Analysis reports.

• Upgraded Canadian version with all features and enhancements made to equal latest US version.

• Upgraded Canadian version with new tax laws and tax rates.

• Updated for 2008 income tax rate and tax law changes.

• Various report and graph modifications.

• Revised partner report to accommodate additional limited partner allocations and added more robust allocation options.

• Updated the free PDF print software to the latest version.  Now Vista compatible.

• Modified the sensitivity analysis to allow for solving for purchase price (and other variables) when a capitalization rate is selected to value the subject property.

• Modified partner schedule to allow for managing partner or limited partner to have:
  
  Cumulative or Non-Cumulative preferred returns, and to calculate a preferred return based on profit or partner's cash capital.
  
  Click for updated report

• Modified the Cash on Cash with Equity Buildup Calculation.

• Modified the Graphs & Reports to accommodate Cash on Cash Revision.

• Added "GO ZONE" Depreciation Option

• Fixed issue with "additional principal" mortgage payment

• Modified IRR graph

• Changed Executive Summary

• Modified amortization table for Loan 3.

• Changed PDF capability to print reports as one PDF file instead of multiple PDF files.

View a tutorial on newly 9.0 added features==>  Download

• Added ability to have up to two loans begin at any time during the 20-year investment period instead of just at the beginning.

• Conditional formatting added for negative numbers to be displayed in red.

• Added ability to refinance loans twice.

• Syndication fee option added to the partnership schedule.

• Main cash flow "Report" modified to allow user to choose which years to be displayed instead of a static 20 year report.

• Added "Cash on Cash Return with Equity Build-up" calculation.

• Added Capitalization Rate calculation based on Purchase Price.  Easily compare computed cap rates on cost and FMV.

• Annual rental growth can now be entered as either a flat rate or a per year percentage.

• Property appreciation can now be computed based on an inputted cap rate instead of just an annual percentage.

• Added currency conversion feature.  Convert to Euros formatting and exchange rate.
   

• Updated the PDF printer writer with the latest version.

• Expanded and enhanced the "Executive Summary" page.

• Modified "Input Data Screen" by moving certain input items to the main "Report."

• Rows showing unleveraged NPV, IRR & MIRR hidden.  These rows can be unhidden by the user.

• Updated 89-page manual.

• Ability to enter appreciation rate per year added versus just using a annual static rate.

• Property characteristics/type expanded to include shopping centers & mobile home parks.

• Added option to set disposition tax rates to zero for quick like-kind exchange analysis.

• Added significant Goal Seek/Sensitivity Analysis functionality.  Solve backwards for purchase price, FMV & Rental Income based on your inputted required rate of return (IRR or MIRR).

• Added Partner reporting schedule.  Solve and report a partner's share after managing partner's preferred return (if applicable).

• Added Print Menu for central source to print any or all of the program's reports.

• Added free PDF print writer.  Install this software to easily print, save or email reports in PDF format. 

• Various formatting changes to charts & reports.

• Expanded Property selection drop-down menu to include "Single-Family, Multi-Family, Apartments, Condo, Office Building, Warehouse or Raw Land."

• Added Leveraged Modified Internal Rate of Return (MIRR) financial ratio.

• Added UnLeveraged Modified Internal Rate of Return (MIRR) financial ratio.

• Executive summary report added with built-in disclaimer.  Report for clients or lenders for high level presentation of property.

• Revenue & Expense screen dramatically changed and expanded for ease of use.

• Created a separate Tax Calculation Analysis report.  The tax calculations were removed from the main report cash flow report for easier reading and understanding of the main cash flow report.

• You can now enter "Other Income" such as parking, late fees, laundry, etc.  Ability to enter a separate growth rate for these items.

• Annual Property Operating Data (APOD) report added.

• Alternative revenue input option for situations where rental income is not a gradual increase over time.

• Square footage calculations added to reports.

• Alternative expense input option for situations where rental expenses are not a gradual increase over time.

• Negative amortization option added.

• Ability to add a management fee expense as a percentage of revenue option added.

• Amortization schedule report increased from 20 years to 30.

• Rental units expanded to 100.

• Ability to add additional principal payments with your mortgage payments added.

• Number of future improvement inputs increased.

• Changed down payment to be automatically calculated as a percentage of cost & fair market value.

• Cost allocated to land is now entered as a percentage of the total cost instead of a dollar amount for ease of input.

• Added Loan-to-Value percentages on Input Screen.

• Added a Signed Microsoft Digital Certificate.  You will no longer have to manually "enable" macros.  It will automatically be done.

• Loan points are now entered as a percentage.  The dollar amount is automatically calculated.

• Corrected many "$Div/0" errors when denominator was zero.

• License agreement modified.

• Macros set to "non-print".

• Significantly more notes & explanations added to various input screen cells.

• Color of fonts changed to black for easier faxing.

70+ Page Manual Added with Real Estate Term Glossary