Los Angeles, CA · Member since 2018 · 23 posts · 8 votes
Hi BiggerPockets Community,
I've been searching for a comprehensive real estate investment calculator that includes depreciation and offers a full range of investment metrics. I've traditionally relied on an Excel sheet, but it's not always convenient when I'm away from my computer.
I recently came across an online calculator that seems to provide detailed metrics, including Cap Rate, IRR, and others. I wanted to get your opinions: Does it seem reliable and thorough? Also, in your experience, which metric do you find most important when evaluating an investment property?
I recommend sitting down for an hour and learning how to develop a simple model in Excel yourself.
When looking at properties you will often time have edge-cases where there are unusual sources of income and expense that might not fit in a calculator like this. That's why Excel is so useful because you just add a new row with a label..