Running the numbers on my first deal

[James McCartin]

Hey everyone! I want to get into real estate investing, particularly utilizing Brandon's BRRRR method after finding qualifying properties that I can use a buy and hold strategy on. I am new to real estate investing outside of buying my own personal home but have been reading as much as I can on BiggerPockets to try to soak in all the great knowledge on here.

Recently I found a property in my area (Centreville, VA) and using an Excel spreadsheet I put together with the help of some of the well discussed calculations on here, came up with a good deal of numbers.

Here is the link to the google doc version of my Excel Spreadsheet (which looks much better)

https://docs.google.com/document/d/143SsQF0ZTpE9-F...

I came up with the rent figure by doing some research on what similar homes in the area have been renting for (number of bedrooms, bathrooms, updates, etc...) and came up with the mortgage and tax figure by using an online mortgage calculator at 3.89 percent with a tax rate of 1.1%.  All of the behind-the-scenes formulas I got from this recent blog post.

Based on what you see here, does it look like I am missing anything?  It seems to cash flow with the numbers I have plugged in but I want to get the opinions of some more seasoned investors.  Any advice you can offer would be greatly appreciated!!!