We are pleased to announce the release of Version 9.2! This version has been in development for quite a while and introduces same great new features.
One of the great new features is the addition of custom functions to the RPM models. These functions are available through the button on the Summary Charts tab. These custom functions are written in Visual Basic for Applications and provide some new terrific functionality and automatons.
Adjust the Hold Period on the Fly
You can now adjust the hold period on the fly. Perhaps by default you built your model under the assumption of a 10-year hold period. What would be the effect of a 7-year hold period? By using the Custom Functions you can change the hold period on the fly and all of the sheets will automatically update to your new hold period!
Estimate Cost based on Cap Rate or IRR
Once you have entered all of you data and built your model for a project it is common to have questions like
- How would my cost need to change to achieve a certain cap rate?
- How would cost need to change to achieve a certain IRR?
- How would my loan need to change to reach a certain DSCR?
By using the new built-in Custom Functions, you can now let the models handle these estimations for you in real-time. Each action is reversible before they take effect.
More to Come!
We anticipate adding more Custom Functions as we continue to improve our products. If you have any suggestions for future features, please let us know!