Is there software available to streamline property analysis?

Question

Brand new to BiggerPockets, so please forgive me if I posted this in an incorrect location.

My wife and I were fortunate enough to purchase our home without a mortgage, so I am considering this our first investment property. That being said, I have not yet taken the plunge to start actively investing properties to generate income. I am in the process of developing my strategy and setting myself up to begin investing around the summertime of 2021.

I understand and am confident in performing the computations myself. However, I would love to plug in values and have a software spit out cash flow, CoCROI, overall return, etc. It would be especially nice if I could set parameters that show up as red or green (or something equivalent). Say a CoCROI of less than 9% is red, and anything above is green.

Thanks in advance for your help!

Joe Villeneuve · Answer

I couldn't find any I liked at all, so I just designed my own.  I wanted it to do all of the above and more...including place the properties on a map, color coded based on their profitability or cash flow...depending on the analysis.  It started out as nothing more than an elaborate form...then took on a life of its own.  LOL.

One of the other reasons why I designed my own is I can change/customize it as I want.  I keep finding additional things I want to include for both input and output.  So, if you want to have what you want, I suggest you do what I did, and just design your own.