BP STR Calculator

[Kwanza P.]

Anyone a pro in using Bigger Pockets' STR calculator (excel spreadsheet) who'd be willing to look over numbers with me ?

I've used the calculator 5 times and each property (diverse asking prices) are showing negative COC ROI. Wondering if I'm doing something wrong or missing something.

Would love to get a second pair of eyes  !

-Kwanza 

[Andrew Steffens]

@Collin Hays up at the top "analyze deals" and its there on the drop down.  I do not use this calculator, as I have my own that is similar but pre-exists it.

I analyze every new listing daily that is in my pre-defined areas so I can underwrite them and put on my weekly email list that goes out to buyers interested in the Tampa Bay area. For every 10 I look at maybe 3-4 are positive ROI and 1-2 make the list of having at least a 12% yield.

That said, the majority of properties are in fact negative ROI. You have to be picky nowadays.