There are now more calculators and free tools that have been added to the DurhamREI.ca web site.
Cash Flow Analysis – This tool preforms a detailed property analysis going into many different variables. You will see both Return on Investment and Amortization scenarios. You can play with the any of the variables, and when you move to the next box it will automatically recalculate for you.
Mortgage Payment and Amortization Tool – This tool lets you determine your mortgage payments and gives you an amortization schedule based on the loan to value, interest rate, and term that you want.
Simple Return On Investment – This calculator helps you to quickly determine the ROI for your property investment after the first year.
Simplified Cash Flow Calculator – This calculator allows you to quickly calculate cash flow based on a few variables. It is a quick and dirty tool to give you some quick answers.
Investors Land Transfer Tax Tool – This calculator helps you to determine land transfer tax in Toronto and Ontario.
Quentin D’Souza is the Chief Education Officer of the Durham Real Estate Investor Club. Author of The Property Management Toolbox: A How-To Guide for Ontario Real Estate Investors and Landlords and The Ultimate Wealth Strategy: Your Complete Guide to Buying, Fixing, Refinancing, and Renting Real Estate.