MyImmoCheck is a decision-making tool for real estate investors. It allows you to analyze the profitability, cash flow and return on investment of a real estate project. The full report can also be saved in PDF format to facilitate future discussions (family, brokers, bankers,...).
A free version is available with basic features. The Premium subscription unlocks access to advanced simulations, comprehensive reports, and market data.
The full report includes all elements of the application (financials, profitability, simulations, market development), as well as the comparison between your initial scenario and your simulation.
The calculations are based on local tax data, statistical data and user-adjustable assumptions. The tool is as realistic as it gets, and unlike many other tools available, MyImmoCheck has been designed to take into account all possible elements. It is important to note, however, that this tool is not an investment advisory tool, calculations are impacted by the user's assumptions, legislative changes and market rates.
The annual net cash flow is the difference between the rents received and all the charges (Rental vacancy, Agency fees, Maintenance, Co-ownership charges, Loan repayment, Mortgage Life Insurance, Property tax).
The gross return is equal to the rents received divided by the purchase price. On the other hand, the net return is equal to the net cash flows divided by the purchase price.
The return on investment (also often referred to as ROI) is equal to the net cash flows divided by the total personal contribution. In other words, everything you get from the project (deductions made from all identified expenses) divided by the total of your contribution to the project.
They allow you to test different scenarios (purchase price, interest rate, contribution) and see the direct impact on profitability.
Currently no, but this feature is planned for a future update.
Yes, sessions are secure and stored in a database. No banking information is requested or stored.
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No. MyImmoCheck is a completely independent platform.\nWe are not affiliated with any bank, broker or real estate developer.\nOur goal is to provide unbiased analysis to help investors make their decisions independently.\nIf one day we propose partnerships, they will be clearly indicated.
The reports generated by MyImmoCheck are intended exclusively for informational purposes. They do not constitute investment advice or a personalized recommendation.\\nOur goal is only to provide the user with a clear and quantified view of the costs, revenues and potential profitability of a real estate project.\\nMyImmoCheck never takes a position on the relevance or viability of an investment.
You can write to us via the Contact form or at the following address: info@myimmocheck.com