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Updated over 3 years ago, 10/04/2021
Practicing analyzing deals, and I am confused.
Hey everyone! I am a rookie when it comes to real estate investing and Excel. I was thankful that someone was willing to share their spreadsheet with me via the Bigger Pockets Facebook group. I am currently looking at properties that meet my criteria and run the numbers on every one of them. I will be house hacking a duplex.
So in the "Unit Breakdown" column, I put I will be paying $900 and they will pay $1000. Under the "Total Expenses" column, it says $976. Under "Cash Flow" it says $654. I am utterly confused trying to understand that with me paying myself rent at $900 plus expenses of $976 plus $867 mortgage, am I still coming out on top at $654 cash flow? Also, what is the NOI of $867.
I apologize if these may be stupid questions for some people; I'm truly just trying to learn and understand fully what all these numbers are telling me. Thank you in advance for any clarification or guidance!