Key Deal Analytics Metrics

[Ross Hayes]

Hello

First time poster...

We purchased our first investment property a year ago, and we are working to prepare to purchase our second.  I'm trying to educate myself better on the analysis to analyze deal, as well as key metrics to monitor performance of a property once you own it.  We feel like we made a good purchase on the property last year, but with rates higher and prices inflated, I want to make sure our analysis is very tight.

1) What key metrics do you recommend to analyze a potential deal, as well as after a deal is made?

2) For our existing property, how do you calculate return on investment?  How does mortgage payments (interest and/or principal) impact any analysis?

Our interest and focus in long term holds of residential rental properties.  Beyond ensuring that they cash flow, we are most interested in validating that the return on our cash put into a deal is yielding a good return, as well as overall return on the deal.

Thanks in advance!

Ross