New Investor needs a Rental Analysis Calculator

[Jelani Tate]

Hi everybody,

I am a new investor, and following @Brandon Turner's plan of analyzing 3 deals per day. However, I don't believe that I have the correct template or calculators. I am trying to analyze Single Family Homes (SFH) in the Aurora / Naperville, IL area, for potential buy-and-hold rental properties.

Does anyone out there have a calculator or template that they prefer using? Something in a downloadable spreadsheet would be great as well.

Any additional tips or strategies for evaluating potential properties, is always welcomed as well.

Thank you,

[Rhondalette W.]

Hello Jelani,

You can use the rental property calculator here at BP free for 5 times and then you need to upgrade to a pro member to continue using. Try this link for a rental calculator. 

http://www.calculator.net/rental-property-calculat...

Here is a youtube video that really helped me when I first started trying to calculate cash flow for rental properties. It is a lady using a dry erase board. In my opinion this is better than a spreadsheet. You can always create your own excel sheet once you understand all that goes into the calculations ( rental income- expenses taxes, repairs, property management, vacancy, mortgage= cash flow)

https://youtu.be/JL-pGPVQ1a8

Enjoy!