Comparison
Leverage vs Excel
Excel is free and you can rebuild it any way you like. Leverage reads the exposé for you and runs every property through the same model.
Last checked: September 2026
The short answer
If you look at one or two properties a year and enjoy building formulas, a good spreadsheet template is enough. Once you compare many exposés, typing numbers takes most of the time, and every copied sheet calculates a little differently. Leverage takes the data from a PDF or portal link, calculates cash flow, tax and financing, and keeps every property in one pipeline.
Features side by side
| Feature | Leverage | Excel |
|---|---|---|
| Read an exposé automatically | YesPDF, Excel, Word or photo | NoYou type in price, size and rent |
| Search across listing portals | YesImmoScout24, Immowelt, Kleinanzeigen, Immonet, Wohnungsbörse and more | NoYou search the portals yourself |
| Cash flow and yield | YesCash flow before and after tax, gross and net rental yield, return on equity, price-to-rent factor | YesDepends on the template |
| Tax and depreciation | YesStraight-line, declining, listed building (§7i), new build (§7b), at your tax rate | PartlyIn some templates, you check the formulas |
| Financing | YesSeveral loans, 4 repayment models, special repayments, 30-year view | PartlyRepayment schedule, depending on template |
| Market value and comparable rent | YesPriceHubble quick valuation, full dossier for a fee | NoNo market data |
| Buy box screens deals | Yes28 criteria such as yield, price factor, leasehold, let or vacant | No |
| Search agents with email alerts | YesDaily, Plus 1, Pro 3, Investor 10 agents | No |
| Due diligence on documents | YesAI checks land register, declaration of division, leases, purchase contract, minutes, service charges, energy certificate | No |
| Deal pipeline board | YesYour own stages from idea to bought | PartlyAs a separate sheet |
| Change the calculation logic | PartlyAssumptions per property, formulas fixed | YesEvery cell and formula |
| Works offline | No | YesAs a desktop app |
| Free plan | Yes5 calculations a month, 1 property in the portfolio | YesMany templates are free, often for an email address |
Pricing side by side
Leverage
- Free€0
- Plus€29/month€19/month billed yearly
- Pro€49/month€29/month billed yearly
- Investor€149/month€99/month billed yearly
Excel
- Google Sheets€0With a Google account
- immocation template€0In exchange for a newsletter signup
- Microsoft ExcelPrice on the vendor sitePart of Microsoft 365
Where each one is stronger
Where Leverage is stronger
- An exposé is captured in seconds instead of typed in number by number.
- Every property runs through the same model. No copy with a broken formula.
- Search, search agents and buy boxes surface new properties; a spreadsheet waits for you.
- AI checks the land register, declaration of division and leases too.
- Calculations and portfolio go to the bank as a PDF.
Where Excel is stronger
- Free if you use Google Sheets or a free template.
- You can see and change every formula.
- Works offline, without an account at another vendor.
- Almost everyone knows Excel, including your tax advisor.
Which one fits you?
Choose Leverage if
- you check several exposés a week
- you want every calculation to work the same way
- you want new properties to reach you by email
- you need documents for the bank
Choose Excel if
- you rarely run the numbers on a property
- you want to model your own assumptions in detail
- you do not want to spend money and have time to type
Frequently asked questions
Run the numbers on your next property
Upload an exposé or paste a portal link. Leverage extracts the data and calculates cash flow, yield and financing.
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Sources
Details about other vendors come from their public pages as of the date shown. Prices and features may have changed since.