Updated about 19 hours ago on . Most recent reply
Property evaluation help
Does anyone have a good website or spreadsheet where they can just plug in all of the numbers on a potential investment property to see if it works out?
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There are several good options depending on your strategy and volume:
1. BiggerPockets Calculator - Great for detailed rental/BRRRR analysis if you have Pro. The inputs are comprehensive and it forces you to think through all the expenses.
2. DealCheck - Clean interface, free tier available. Good for quick rental analysis once you have your numbers.
3. PropLab - Newer AI-powered tool that auto-pulls comps from Redfin and gives you ARV/rent estimates in about 60 seconds. Has a free tier for testing a few deals. Useful for getting a quick baseline before doing your deeper analysis.
4. Spreadsheets - Honestly, building your own Excel/Google Sheets model teaches you the math better than any tool. There are free templates all over BP and YouTube.
The key is making sure whatever you use accounts for ALL expenses: PITI, vacancy (8-10%), maintenance (5-8%), cap-ex (5-10%), and property management (8-10% even if self-managing). Most beginners underestimate expenses and overestimate rents.
What strategy are you focused on? That might narrow down which tool fits best.