Updated 11 months ago on . Most recent reply
BP STR Calculator
Anyone a pro in using Bigger Pockets' STR calculator (excel spreadsheet) who'd be willing to look over numbers with me ?
I've used the calculator 5 times and each property (diverse asking prices) are showing negative COC ROI. Wondering if I'm doing something wrong or missing something.
Would love to get a second pair of eyes !
-Kwanza
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#2 Short-Term & Vacation Rental Discussions Contributor
- Tampa, FL
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#2 Short-Term & Vacation Rental Discussions Contributor
- Tampa, FL
@Collin Hays up at the top "analyze deals" and its there on the drop down. I do not use this calculator, as I have my own that is similar but pre-exists it.
I analyze every new listing daily that is in my pre-defined areas so I can underwrite them and put on my weekly email list that goes out to buyers interested in the Tampa Bay area. For every 10 I look at maybe 3-4 are positive ROI and 1-2 make the list of having at least a 12% yield.
That said, the majority of properties are in fact negative ROI. You have to be picky nowadays.
- Andrew Steffens
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- 813-563-0877
