REIT vs. Direct Real Estate Investment Comparison

Comparison Period (Years):

Expected Avg. Annual Inflation Rate (%): Applied to rent increases and some operating expenses.

Your Est. Marginal Tax Rate (Fed+State) (%): Optional, for simplified tax on REIT dividends & homeowner deductions.

Your Est. Annual Standard Deduction ($): Optional, for simplified homeowner tax benefit assessment.

Property & Loan Details

Property Purchase Price ($):

Down Payment (%):

Mortgage Interest Rate (Annual %):

Loan Term (Years):

Exp. Annual Property Appreciation (%):

Purchase Closing Costs:

Rental Income & Operating Expenses

Initial Monthly Rental Income ($):

Exp. Annual Rent Increase (%):

Annual Property Taxes:

Annual Homeowners Insurance ($):

Annual Maintenance & Repairs:

Property Mgmt. Fee (Monthly):

Other Monthly Operating Expenses ($):

Est. Selling Costs at End (% of Future Value):

Initial Amount Invested in REITs ($): Consider making this equal to the down payment + purchase closing costs of the direct property for a direct comparison.

Expected Annual REIT Total Return (%): Combined price appreciation and dividend yield, before tax.

Portion of Total Return from Dividends (%): E.g., if total return is 8% and dividend yield is 4%, price appreciation is assumed to be 4%.

REIT Portfolio Expense Ratio (Annual %) (Optional): If not already factored into your 'Total Return' estimate. This will reduce the net return.

Investment Comparison Results

Cumulative Net Cash Flow (Rent - All Costs + Tax Savings): ${formatCurrency(cumulativeNetCashFlowDirectRE)}

Est. Net Financial Position Change: ${formatCurrency(finalNetPositionDirectRE)}

(Net Equity from Sale + Cum. Net Cash Flow - Purchase Closing Costs)`; reitResultsEl.innerHTML = `

REIT Investment

Initial Investment: ${formatCurrency(reitInitialInvestment)}

Future Value of REITs (Pre-tax, Est.): ${formatCurrency(futureValueOfReits)}

Total Dividends Received (Pre-tax, Est.): ${formatCurrency(totalDividendsReceivedPreTax)}

Est. Tax on Dividends (Simplified): -${formatCurrency(estimatedTotalDividendTax)}

Est. Net Financial Position Change (Pre-Capital Gains Tax): ${formatCurrency(futureValueOfReits - reitInitialInvestment - estimatedTotalDividendTax)}

(Future Value - Initial Investment - Est. Dividend Tax. Capital gains tax on sale not included.)`; let conclusionHTML = ""; const reitOutcome = futureValueOfReits - reitInitialInvestment - estimatedTotalDividendTax; if (finalNetPositionDirectRE > reitOutcome) { conclusionHTML = `Based on these assumptions, Direct Real Estate appears to result in a better estimated net financial position by approximately ${formatCurrency(finalNetPositionDirectRE - reitOutcome)} after ${periodYears} years.`; } else if (reitOutcome > finalNetPositionDirectRE) { conclusionHTML = `Based on these assumptions, REIT Investment appears to result in a better estimated net financial position by approximately ${formatCurrency(reitOutcome - finalNetPositionDirectRE)} after ${periodYears} years.`; } else { conclusionHTML = `Based on these assumptions, both scenarios result in a similar estimated financial position after ${periodYears} years.`; } overallConclusionEl.innerHTML = conclusionHTML; notesContainerEl.style.display = 'block'; downloadPdfBtn.style.display = 'block'; } function formatCurrency(value) { return `$${(value || 0).toLocaleString(undefined, {minimumFractionDigits:0, maximumFractionDigits:0})}`; } // --- PDF Download --- downloadPdfBtn?.addEventListener('click', function () { const { jsPDF } = window.jspdf; const pdfOutputArea = document.getElementById('rdrPdfOutputArea'); if (!pdfOutputArea || overallConclusionEl.innerHTML === "" || overallConclusionEl.innerHTML.includes("Please run the comparison")) { alert('Please run the comparison first before downloading PDF.'); return; } document.getElementById('rdrNotesContainer').style.display = 'block'; // Ensure notes are visible document.getElementById('rdrInputSummaryForPdf').style.display = 'block'; html2canvas(pdfOutputArea, { scale: 1.2, useCORS: true, backgroundColor: '#ffffff', windowWidth: pdfOutputArea.scrollWidth }) .then(canvas => { const imgData = canvas.toDataURL('image/jpeg', 0.85); const pdf = new jsPDF({ orientation: 'portrait', unit: 'pt', format: 'a4' }); // Portrait for better readability of text const pdfWidth = pdf.internal.pageSize.getWidth(); const pdfHeight = pdf.internal.pageSize.getHeight(); const margin = 30; let contentWidth = pdfWidth - 2 * margin; const canvasWidth = canvas.width; const canvasHeight = canvas.height; const ratio = canvasWidth / canvasHeight; let imgWidth = contentWidth; let imgHeight = imgWidth / ratio; if (imgHeight > pdfHeight - 2 * margin) { imgHeight = pdfHeight - 2 * margin; // Fit to height imgWidth = imgHeight * ratio; if (imgWidth > contentWidth) { // If it became too wide imgWidth = contentWidth; imgHeight = imgWidth / ratio; } } const x = (pdfWidth - imgWidth) / 2; pdf.addImage(imgData, 'JPEG', x, margin, imgWidth, imgHeight, undefined, 'MEDIUM'); pdf.save('REIT_vs_Direct_RealEstate_Comparison.pdf'); }) .catch(err => { console.error("Error generating PDF:", err); alert("Error generating PDF. See console for details."); }); }); function escapeHtml(unsafe) { if (typeof unsafe !== 'string') return unsafe === undefined || unsafe === null ? '' : String(unsafe); return unsafe.replace(/&/g, "&").replace(//g, ">").replace(/"/g, """).replace(/'/g, "'"); } switchTab('generalTab'); });