New Investor needs a Rental Analysis Calculator
Hi everybody,
I am a new investor, and following @Brandon Turner's plan of analyzing 3 deals per day. However, I don't believe that I have the correct template or calculators. I am trying to analyze Single Family Homes (SFH) in the Aurora / Naperville, IL area, for potential buy-and-hold rental properties.
Does anyone out there have a calculator or template that they prefer using? Something in a downloadable spreadsheet would be great as well.
Any additional tips or strategies for evaluating potential properties, is always welcomed as well.
Thank you,
Most Popular Reply
Hello Jelani,
You can use the rental property calculator here at BP free for 5 times and then you need to upgrade to a pro member to continue using. Try this link for a rental calculator.
http://www.calculator.net/rental-property-calculat...
Here is a youtube video that really helped me when I first started trying to calculate cash flow for rental properties. It is a lady using a dry erase board. In my opinion this is better than a spreadsheet. You can always create your own excel sheet once you understand all that goes into the calculations ( rental income- expenses taxes, repairs, property management, vacancy, mortgage= cash flow)
Enjoy!