Can I afford an investment property?
Should I buy this property for investment?
Will this property be a negative gearing investment property?
What the tax deductions I can get from investing on this rental property?
How much do I need to pay out of pocket on a weekly basis for this investment property?

The above listings are just a few questions that I asked myself before I bought my first investment property.

In early 2008 I created an investment property calculator in Excel spreadsheet for my own personal use in order to help me with my property investment analysis. I used this investment property calculator workbook on several potential properties located in Sydney. In late 2008, I bought an one-bed investment apartment in Sydney South and secured an interest only loan including 100% of the property purchase price ($315,000) plus of the stamp duty etc. Now this once negative gearing property has become a positive cashflow investment property, and the market value of this investment property has gone up to $350,000.

Several friends of mine have tried this investment property calculator in Excel and found it is helpful by saving their time to do all the manual paper calculations. They also felt that they had made informed decision because the calculator provides them a lot of information on what costs they should factor in when purchasing investment property and lets them simulate how the return on investment (ROI) changes when the costs and rental change.

In year 2009, I decided to provide a simple version of this property investment calculator FREE for download, and now you can download this useful tool for FREE.

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