BMT PropCalc

Introducing BMT PropCalc, the ultimate tool for anyone researching property ownership or investment. This app goes beyond just a mortgage calculator and provides a comprehensive analysis of the real cost of owning a property. With it, you can determine your after-tax holding costs, taking into account expenses like interest, stamp duty, insurance, and more. It even considers potential rental income and depreciation claims. And the best part? It is free to use. For an enhanced experience, users can register through MyBMT for access to property comparison and reports.

Features of BMT PropCalc:

> Customized Data Analysis:

It goes beyond just being a mortgage calculator. It uses personalized data to determine the after-tax holding cost of any property. By inputting specific information, such as interest rates, deposit amount, insurance, and maintenance costs, the app provides users with an accurate understanding of the financial implications of owning a property.

> Comprehensive Expense Tracking:

It takes into account a wide range of expenses associated with owning a property. It factors in costs such as stamp duty, council and property management rates, body corporate fees, repairs, and maintenance. This comprehensive approach ensures that users have a complete understanding of the financial impact of property ownership.

> Rental Income Consideration:

To provide a complete picture, it also factors in potential rental income. By inputting the number of weeks rented, annual income, and any available depreciation claims, users can assess how rental income can offset their expenses and potentially generate profit.

> Integration with MyBMT:

It seamlessly integrates with MyBMT, a free online portal that helps users manage depreciation and investment property needs. By registering through MyBMT, users gain access to enhanced features such as saving and comparing properties, as well as generating detailed reports. This integration improves the overall user experience and ensures users can make well-informed financial decisions.

Tips for Users:

> Input Accurate Data:

To get the most accurate calculations, ensure you enter precise and up-to-date information into it. This includes interest rates, rental income, and all expenses related to property ownership. The app relies on accurate data to provide reliable results.

> Update Information Regularly:

As market conditions and personal circumstances change, it is important to keep the information in it up to date. Regularly review and update mortgage interest rates, rental income figures, and any expense-related variables to ensure accurate results.

> Utilize MyBMT Integration:

Take full advantage of the integration with MyBMT. Registering through MyBMT enables you to save and compare properties, access additional reports, and personalize your property research. This integration helps you streamline your investment property needs efficiently.

Conclusion:

BMT PropCalc provides users with a comprehensive understanding of the costs and benefits associated with owning a property. By utilizing customized data, considering a wide range of expenses, factoring in rental income, and integrating with MyBMT, this app equips users with the necessary tools to make informed investment decisions. Whether you're a potential homeowner or property investor, it is an indispensable tool that can help you navigate the complex world of property finance, ultimately maximizing your returns and financial well-being.