Multi family calculator

9 Replies

Hey guys, new to Bigger pockets and trying to analyze a few small value add multi family opportunities.

What calculator are you using to do this? I don't see a commercial/multi family calculator that can reflect potential NOI.

Any help is appreciated.

Robert

You can build your own, it's good practice. Michael Blank's Syndicated Deal Analyzer is very popular and isn't very expensive, so that's a good option too.

Originally posted by @Robert Rogers :

Hey guys, new to Bigger pockets and trying to analyze a few small value add multi family opportunities.

What calculator are you using to do this? I don't see a commercial/multi family calculator that can reflect potential NOI.

Any help is appreciated.

Robert

NOI can be calculated very simply using the calculator on your phone. NOI is simply the Income - Expenses. That being said here are a couple of resources where you can download some free models and watch tutorials. https://www.adventuresincre.co...

https://www.getrefm.com

Hey @Robert Rogers , have you tried the BRRRR calculator? May not be exactly what you are looking for but you could use the refinance section as the potential NOI, even if you don't actually plan on refinancing.

@Robert Rogers You can have a look at my fileplace, I've uploaded a rental property spreadsheet to help investors analyze their investment properties, it's available there: https://www.biggerpockets.com/files/user/NickPeters

Otherwise, if you're looking for something more detailed, you can also checkout my signature / profile for more advanced calculators and templates. Hope it can help! Let me know if you have any questions!

I'd be curious to learn from experienced MFH investors what inputs are different than SFH deal analysis. Presumably the standard stuff still applies -- purchase price, ARV, percentage down, rental income, vacancy, R&M, capex, debt service, etc.

Obviously at the end the analysis changes slightly, as you value the property based on NOI and cap rate. What else about MFH analysis is significantly different than SFH analysis?

Hey Tom, some additional expenses I see in MFH vs SFH are utilities (I pay water/trash for MFH) and lawn care (I take care of for MFH). In my SFH, the tenants are responsible for the utilities and lawn maintenance.

Is there a book+calculator combo anyone recommends? I've been using "HOLD," by Gary Keller et al, for my SFR and small MFR deals for a long time. It comes with a good spreadsheet, which I've modified over the years. It's a great package, but somewhat limited to <4 unit deals. In the MFR/Commercial world, are we stuck with expensive guru courses and associated products?