ProFormanator
One thing I have been looking at with my property screenings (I'm only just starting and learning how to analyze) is the mortgage interest and property tax deductions, the property depreciation deductions, and potential appreciation. Obviously, the appreciation is not something we can accurately predict. Especially in the Chicago area, where prices have been booming the last 5 years.
I would like to see some of these numbers in an updated version of the ProFormanator. It's just my opinion, but if a rental property is paying $10000 of interest and property taxes every year with an okay cash flow, at even a tax rate of 25% that's $2500 cash back to me at the end of the year, right? I think that's definitely something to consider as well. Am I wrong?
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