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Feature: 5-Step Wizard

A Guided Path to Your
Sell-or-Hold Decision

Five steps. Three scenarios. One clear answer. The wizard walks you through property selection, replacement planning, assumptions, equity reality check, and full scenario comparison.

Step 1

Select Properties to Sell

Check one, two, or more properties — or none at all. Each selected property gets its own sell month slider and return stream breakdown.

apps.refp.com/should-i-sell-rental/
Sell Property
Buy Property
Assumptions
Reality Check
Compare

Properties to Sell

Owned Prospect All
123 Maple Street Owned
Fort Collins, CO
$420,000
$2,800/mo
Sale Price: $426,300 (+$6,300) Sale Price — $426,300 at month 6.
Current value $420,000 + 6 months of appreciation at 3%/yr. Adjust the slider to see how the sale price changes over time.
Mortgage: $277,200 (-$2,800) Mortgage Payoff — $277,200 at month 6.
Starting balance $280,000 minus 6 months of principal payments. Each payment reduces what you owe at closing.
$12,600 Appreciation — $12,600/yr at month 6.
Projected annual increase in property value. You don’t receive this as cash until you sell, but it builds equity every year.
$2,400 Cash Flow — $2,400/yr at month 6.
Net rental income after all operating expenses, mortgage payments, and estimated income taxes.
$4,800 Debt Paydown — $4,800/yr at month 6.
Annual principal reduction on your mortgage. Your tenants are essentially paying this for you.
$2,100 Cash Flow from Depreciation™ — $2,100/yr.
Tax savings from depreciating the building value over 27.5 years. This “paper loss” offsets taxable income, putting real cash back in your pocket.
$1,200 Reserves Return — $1,200/yr.
Return earned on your vacancy, maintenance, and CapEx reserve funds while they sit in a high-yield account.
Sell in: 6 months Reset
Now 5 yr 10 yr 20 yr 40 yr
789 Pine Court Owned
Loveland, CO
$380,000
$2,400/mo
Sale Price: $380,000 Sale Price — $380,000 now.
Current property value. Selling now means no appreciation gain or loss from waiting.
Mortgage: $245,000 Mortgage Payoff — $245,000 now.
Current loan balance to be paid off at closing.
$11,400 Appreciation — $11,400/yr now. $1,800 Cash Flow — $1,800/yr now. $3,900 Debt Paydown — $3,900/yr now. $1,800 Cash Flow from Depreciation™ — $1,800/yr. $900 Reserves Return — $900/yr.
Sell in: Now
456 Oak Avenue Prospect
Denver, CO
$480,000
$3,200/mo
2 properties selected Total Sale Price: $806,300

Simplified preview — the actual app uses your real property data.

Return Stream Legend
Appreciation
Cash Flow
Debt Paydown
Tax Benefits
Reserves

Hover over any return stream value in the app to see a detailed explanation and how it changes over time.

Step 2

Select Replacement Properties

Choose one or more properties as potential replacements. The app automatically checks 1031 exchange qualification.

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Step 2: Select Replacement Property

456 Oak Avenue
Listed at $480,000 — 25% down
Selected
Purchase Price
$480,000
Down Payment
$120,000
Monthly Rent
$3,200/mo
Equal or Greater Value
$480K ≥ $420K PASS
Equal or Greater Debt
$360K ≥ $280K PASS
Like-Kind Property
Investment → Investment PASS
1031 Exchange Qualified

Simplified preview — the actual app uses your real property data.

Step 3

Configure Assumptions

Set appreciation, rent growth, commission rate, tax rates, and hold period. Defaults are pre-filled but fully adjustable.

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Step 3: Assumptions

Appreciation Rate
3.0%
Rent Growth Rate
2.5%
Commission Rate
6.0%
Closing Costs
1.0%
Capital Gains Tax
20.0%
Depreciation Recapture
25.0%
Hold Period (years)
5
Income Tax Rate
24.0%

Simplified preview — the actual app uses your real property data.

Step 4

Return on Equity Reality Check

See the gap between what you think you have and what you'd actually receive after selling costs and taxes.

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Step 4: Equity Reality Check

Simple Equity
Property Value $420,000
Loan Balance -$280,000
"Equity" $140,000
True Net Equity™
Simple Equity $140,000
Costs & Taxes -$52,400
True Net Equity™ $87,600
37% of your equity evaporates at closing
Commission: $25,200 + Closing: $4,200 + Depreciation Recapture: $15,000 + Capital Gains: $8,000

Simplified preview — the actual app uses your real property data.

Step 5

Compare 3 Scenarios

Walk through 10 sections of analysis: sale proceeds, surplus/shortage, Return Quadrant™ comparison, and cumulative projections.

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Step 5: Scenario Comparison

Keep
$112,400
5-yr total return
Sell
$87,600
after-tax proceeds
1031
$106,700
5-yr total return
10 Walkthrough Sections
Sale Proceeds
Surplus/Shortage
Quadrants
Cash Now/Later
Certainty
Returns
Cumulative
Tax Liability
Reserves
Verdict

Simplified preview — the actual app uses your real property data.

Why Timing Changes Everything

The sell month slider in Step 1 lets you model any future date. Here's how the numbers shift.

Sell Month Property Value Loan Balance True Net Equity™
Now (Month 0) $420,000 $280,000 $87,600
Month 6 $426,300 $277,200 $94,500
Month 12 $432,600 $274,300 $101,200
Month 24 $445,600 $268,400 $115,800
+$28,200 more equity

by waiting 24 months — from appreciation, loan paydown, and shifting tax costs.

Sample data — $420K property, 3% appreciation, $280K loan at 7%. Your results will vary.

Start Your Sell-or-Hold Analysis

Five steps to the clearest sell-or-hold decision you've ever made.

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