The internal rate of return (IRR) is one of the more preferred rates of return used by real estate investors trying to measure a rental property’s financial performance.  This is because it calculates the time value of the money.  It is defined as a discount rate at which the net present value of a set of cash flows equals zero. Here’s the idea.  IRR is the rate of return an investor can … Continue reading What is IRR and Why is it Important?