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Income Analysis Software

Our software is used by professionals in many real estate related fields. They use it because Analyst reduces complicated mathematical techniques to a proportion that the average layman can understand. They use it because it gives them accurate value calculations, it allows them to easily create "what-if" scenarios, and it produces clear, clean, understandable reports.

Real Estate Assessors
Investment Analyst was Designed Especially for You
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Designed for Assessors

But, more than any other professional, Investment Analyst is used by the valuation pros - assessors and appraisers. Members of all major appraisal organizations use our products - MAIs, SRAs, CCIMs, SRPAs, ASAs, IFAs.

Investment Analyst has been around since 1987. It is not a set of spreadsheet templates. The software is written from scratch to give you the best performance and the built in intelligence to perform good income analyses. Each year since 1987, Analyst has been improved upon. And each design improvement was made with the appraiser in mind. Why? Because when a fee appraiser uses Analyst for valuations that are relied upon for lending decisions, in court proceedings between municipalities and owners, in estate valuations, etc., the appraiser needs the best. And when we design our software to meet an appraiser's stringent requirements, other professionals will recognize its value too.
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The Assessor's Method

Ad Valorem Taxes and Loading the Cap Rate
Investment Analyst develops value the way that you develop value. Assessors often are required to add an additional factor to the Capitalization Rate to account for Ad Valorem real estate taxes.   When the Cap Rate is developed in this manner, real estate taxes are removed from the Income Statement and from the Net Income that will be capitalized.  Many jurisdictions require that the Assessed Value of the subject be established in this way.  The theory is based upon the premise that Ad Valorem taxes are determined by the value of the property.  Therefore, it would not be proper to include an estimate of taxes in the Net Income that we use to estimate the subject's value.

The method used to estimate value by excluding certain items from Net Income is often called loading the Cap Rate.  This method assumes a direct relationship between the excluded item (usually real estate taxes) and value. For example, if the real estate tax expense is 3% of the subject's value, then we could add 3% to the Capitalization Rate and exclude this expense from Net Income. Investment Analyst has this capability. For example, if the real estate tax expense is 3% of the subject's value, then we could add 3% to the Capitalization Rate and exclude this expense from Net Income. See Loading the Cap Rate for an example of how this method works.

Premier Analysis Tool

Investment Analyst has always been a premier income analysis tool. It develops capitalization rates using the Mortgage Equity Technique. It performs discounted cash flow analyses. It calculates IRRs and performs yield sensitivity analyses. It prepares Income Statements, Rent Schedules, Capitalization Rate Reports, and more than 30 basic reports that you may need to support your value calculations. Although you may never need them, over 400 reports are available to document your work. All reports are created transparently,automatically and instantly. Instead of spending a day or two or more crunching the numbers and more time creating acceptable reports, Analyst will cut the time drastically. There is always pressure on appraisal fees. Analyst will make you more competive and will produce much better income analyses. Your Income Approach will stand out.

And now, we have added the Commercial Complete option. With this option, you can store comparables, create Comparison Grids, store building construction features, and built a Cost Approach.

Investment Analyst is the perfect software tool for appraisers. Whether you are appraising a four unit apartment, a $20,000,000 mixed use property, a motel, a strip center, or a 6 story office building. If you add the Unit Sales option, you can crunch the numbers on a land development appraisal.

Analyst will handle any type of income producing property. For most apartment buildings and small commercial buildings, Investment Analyst Standard will do the job nicely. You can purchase Analyst Standard for only $495. If your work involves more complicated properties, Investment Analyst Pro is for you. It handles CAM, Fixed Pass-throughs, Operating Pass-throughs, Expense Stops and detailed lease proration. You can purchase Analyst Pro for only $795. Compare our prices to those of another popular income analysis program that starts at $4,000. Analyst gives you more features - more features that you can use. Learn more about Pro and Standard

We recommend that you take a look at one of the Analyst Suites. All options are included to handle the Income Approach, the Cost Approach, and the Comparison Approach. You can store detailed property information on comparable sales, photographs, and building construction data. The Analyst reports can be electronically inserted into your narrative appraisals.

Investment Analyst is the income analysis software used by the pros - Real estate appraisers, Bankers, Assessors, and agents. Analyst is dedicated "real" software (not a spreadsheet template) that is designed to analyze all of the facets of a real estate investment. Don't waste your money on spreadsheet based "templates." If you are serious about your work, you need serious software to assist you. Analyst is serious software that does all necessary calculations and prepares organized reports that document income, expenses, downpayments, and cash flows. These reports are easy to understand and can be "taken to the bank."

Most important, Investment Analyst develops the "capitalization rate." using an advanced derivative of the Mortgage Equity Technique. This rate is critical to a good analysis and you cannot just pull it out of thin air. The rate varies, depending upon many factors - all of which Investment Analyst takes into account. These factors include the investor's required rate of return, the interest rate on a mortgage, projected growth rates in income and expenses, and more.

Investment Analyst allows you to easily do "what if" analysis. What if future income and expenses grow at 1%, 2%, 3% ? What if the mortgage rate is 7%, or 8%, or 9% ? What happens if real estate taxes are $10,000 per year instead of $6,500 per year? With Analyst, it is easy to change any assumption in the pro-forma and instantly know its effect upon value. This is critical to making good real estate investment decisions.

As our logo says: "The Expert is in the Software."

And we will not leave you hanging with a software program you do not understand. The experts at Financial Masterplan, Inc. understand the software and real estate investment. Telephone and email support are available. At no charge! Unlike comparable income analysis software that charges $450 annually, if you want to speak to them about their own software. Not to mention the $4,000 initial price tag.

If you have any questions before you order, please call us at 1-800-884-1630 or 412-606-9000. Or email us at ap@dcfsoftware.com. We look forward to assisting you in improving your appraisal product.

Thank you for your interest.

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Telephone 412-606-9000
Toll Free in U.S. 1-800-884-1630
E-Mail to: ap@dcfsoftware.com

CAPRATE CALCULATOR, CAPRATE XL, INVESTMENT ANALYST, ANALYST 98, ANALYST XP and COMMERCIAL COMPLETE are trademarks or registered trademarks of Financial Masterplan, Inc.


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