2 Property Evaluation Apps For Android

doors Do you own a property?

Do you know how much money you have invested in that asset?

And do you know how much potential savings you have enjoyed in the process?

Or what about the terminal value? Do you know how much to generate in sales proceeds, in order to recover all your investments?

(Could I ask any more questions?)

So maybe I’m in an inquisitive mood today. (Clearly). The point is: How in-touch are you with your properties? The ins-and-outs of their ownership? And (most importantly) the cash flows for each investment?

Chances are high that you are not as “up close and personal” as you should be. But the good news is that certain apps exist to help you get in-touch (and stay in-touch) with your properties 24/7.

Indeed, we recently shared One Sweet Property Evaluator App back in mid-August, and we got some great feedback from many of you. However, this particular app was only compatible with Apple software, and some of you wanted to know about similar property evaluators for Android devices.

This made me happy, because I myself am an avid Android fan. (I have the Razor and I love it!) And although the general marketplace for apps is quite is robust, it’s still “missing the mark” when it comes to Android…

But have no fear, my fellow investors, Mogul readers and Android lovers! I’ve done your homework for you, and I’ve found not one but two property evaluator apps for Android. (I hope you find them to be helpful…)

My Property App

Description: What if you knew, down to the last shiny penny, how much profit you will make on a given property? Thanks to the My Property App you can do just that – by controlling all of your investments quickly and precisely. If you’re still using pen and paper to calculate (i) how much sales proceeds are required to breakeven or (ii) how much money you saved based on the rent you last paid, then you really should take advantage of this app. It will do all that work for you – and more.

(It even considers the Central Bank rates, by country, in order to compute the present value of your payments and savings – which ultimately gives you a more precise breakeven price.)

However, I’ve seen some mixed reviews on this app, covering a broad spectrum of feedback from “best thing ever” to “it sucks”. (Ouch!) Overall, most reviews are positive. (Brief, but positive.) So, this one may be worth checking out.

Cost: You can run with a trial version of this app for free. The full version costs only $0.99, and you will need to use something called the "My Property Key" to unlock it. For more information, check-out the developer’s website.

Real Estate Cash Flow Analysis

Description: Similarly, the Real Estate Cash Flow Analysis app will also help you discover whether your investment property will generate a positive cash flow. By entering key information into this app’s calculators (“New Analysis”, “Open Analysis”, “Property Search” and “Yearly Return on Cash”), you can begin the process of ultimately putting more cash in your wallet.

How so, you ask? Well, this app can generate key information for you (in mere seconds), which will help you discern whether your property will produce a residual income stream.

And it’s color-coded for those who might be, shall we say, analytically-challenged. This investment app will lead you directly to positive cash flowing properties by turning green for profit, or red for loss.

Sounds pretty basic, right? The Real Estate Cash Flow Analysis app even highlights your percentage of return, and can help existing investment property owners (i) benchmark their incomes and (ii) alter business plans for future gains.

Sweet.

It’s been called a “must-have, not at all intimidating” app for both novices and seasoned real estate investors alike.

Other Investor Benefits:

Analyzes properties on the go, in the field
Streamlines daily activities to help you discover worthwhile properties
Highlights all the details that you should take into consideration
Takes the fear out of buying real estate
Assists with your overall real estate transactions
Helps calculate your net outflows and what your mortgage payment could be

Cost: This one costs $4.99 and has better reviews that the previously-mentioned My Property App (close to 5 stars). However, the developer’s website leaves much to be desired. But if you need a good laugh, and if you’re ready to get your groove on, then you must check it out. (Ok, I’m actually insisting that you check it out! I truly hate to hate on anyone – but this site is simply comical… Enjoy!)

The Bottom Line on Both Property Evaluation Apps for Android

The bottom line here is that property evaluation apps do exist for Android. You asked for it, and we delivered!

There seems to be more overall feedback and information out there for the Real Estate Cash Flow Analysis app, so you might want to look a bit further into that one. The 411 on the My Property App seems to be, in my opinion, a bit obscure – and overall reviews are mixed and brief at best. Definitely do some more recon if you plan to purchase the My Property App.

At least you can now sleep at night, if you’re an Android fan like me, knowing that there are some apps out there to help you stay on top of your investment evaluation game anytime, anywhere.

Consider – Consider the Real Estate Cash Flow Analysis app and/or the My Property App for Android devices.

Pay Attention – Regardless of which apps you do (or don’t) choose to use, pay close attention to your properties’ ongoing needs and cash flows. We don’t want you to be an uninformed landlord, or worse yet, broke!

Give Us Some Feedback – Have you tried either of these Android apps? If so, please leave a comment in the section below for “Tips & Feedback”, so we can continue to get a better “feel” for these Android products. Thanks in advance!