|Uploaded by:||J Scott|
|Time uploaded:||over 6 years ago|
Disclaimer: Safety of files uploaded to the BiggerPockets FilePlace cannot be guaranteed. Download at your own risk.
What a great tool! Thanks for sharing.
James Ward, over 6 years ago
Thanks--I think I'll be able to make very good use of this. Do you use it primarily to assess a potential rental property, or to track a rental you already own? Also, what are these fields: Variable Cost PM and Fixed Cost PM? I've been racking my brain, but can't figure it out. I'm sure it's something ridiculously simple. :)
Terri Pour-Rastegar, over 6 years ago
Such a wonderful tool. Thank you so much for sharing!
Angie Menegay, over 6 years ago
this is neat thanks for the tool
Sammy Johnson, over 6 years ago
I'm guessing PM is Property Management. Thanks for the spreadsheet!
Rob McDonald, over 5 years ago
PM stands for Profit Margin. Variable Cost are costs that change in proportion to the rent (i.e. variable operating expenses). Fixed Costs are those that remain the same no matter the rent (i.e. a recurring bill like property taxes). The VC PM and FC PM = Rent Revenue - (VC or FC).
Mike Pantages, over 4 years ago
Thanks for the neat handy tool J, really appreciate it.
Bala P., over 4 years ago
looks very good. glad you put the effort to do this.
John Wing, over 4 years ago
Actually, PM *does* stand for Property Management. You can enter a percentage of gross rent or a fixed monthly amount (lines 29 or 30).
J Scott, about 4 years ago
Straight forward and very helpful! Using this tool to compare potential purchases. Thank you for sharing!
Julie P., over 3 years ago
Great spreadsheet, I use it to evaluate all my deals right now.
Mehran K., over 3 years ago
I'm having trouble opening the file.
Nicholas Webb, over 3 years ago
Ok...how on earth do i use the spreadsheet? Excel challenged!
Meg K., over 3 years ago
ELVIN KALEMERA, about 3 years ago
This is fabulous! Thank you!
Rhonda Chesley, over 2 years ago
Thanks for sharing this -- great tool. I think it might need one small correction. Should cell F32 be "=E32*12" since D32 specifies a monthly expense as opposed to an annual expense?
Mark Nugent, over 2 years ago
Mark is right. I had to change that cell to factor in potential HOA fees.
Thank you J, this is an excellent tool that I have been using to evaluate all my potential deals.
Tim L., over 2 years ago
Thanks! Just what I was looking for!
Janna Rubright, over 2 years ago
Thanks for this!
Would this also be suitable for 2-4 unit properties?
If not, do you have a similar spreadsheet for multifamily properties? Or what would I need to alter to account for multifamily homes?
Account Closed, over 2 years ago
Yeah multi family would be nice to have! And thanks for the SFH sheet too.
William Wentzel, about 2 years ago
Very easy to use. Thank you for great tool
Sergey S., over 1 year ago
Awesome Sauce !
Account Closed, about 1 year ago
Hello, I know this calculator came out a while ago but I got a question pertaining to Total ROI. I want to make sure I have these understood correctly and don't want to make a mistake calculating rental expenses. According to your spreadsheet you have Total ROI for year 1 being calculated by =F44/H9. Why wouldn't it be calculated =F44/D8. You'd also have to set annual revenue increase and annual operating cost to 0 as this throws off calculations in the future Total ROI.
Alex Filipe, 7 months ago
Alex - You wouldn't calculate ROI for year 1 by H9 because you are just looking for YOUR return on investment, not including the financed portion.
Kale Waite, 4 months ago
Thank you for sharing.
Christine M., 4 months ago
Thank you I will use this from now on. Also, take a look at Fixed cost PM for cell F30. Shouldn't that be changed to =E30?
Geo Nakis, 3 months ago
Before you can use BiggerPockets fully, you must confirm your email address.
An email has been sent with a confirmation link. See you soon!
Welcome to BiggerPockets! We look forward to seeing you around.