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Updated almost 4 years ago on . Most recent reply

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124
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33
Votes
Matthew Swearingen
  • CA
33
Votes |
124
Posts

Calculating numbers to ensure deal is worth it

Matthew Swearingen
  • CA
Posted

Is there a calculator or an app that when I locate a investment home to buy I can plug in ALL the pertinent numbers to tell me exactly what my COC and passive income will be?

Also, is there way once I locate an area to invest in a simplified way to locate homes and look at purchase price and be able to determine what it would rent for. What I have been doing is getting on Zillow and looking for home for sale in a particular zip and then looking for rentals in that zip. I would think there's an easier way to do this...maybe?

I have been looking at Indianapolis and Columbus. Any input would be appreciated. 

Most Popular Reply

User Stats

164
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75
Votes
Michael Margarella
  • Investor
  • New York City
75
Votes |
164
Posts
Michael Margarella
  • Investor
  • New York City
Replied

Bigger Pockets has a deal calculator.  DealCheck also has a similar calculator, which I like (and it is free). 

As for rent rates, there are services (Rentometer, Bigger Pockets Insights, etc.) which will provide you with an estimate rental rate.  However, in a market like Indy, which is neighborhood to neighborhood and even street by street, you may want to familiarize yourself with some areas and do some analysis rather than solely relying on rent estimates. 

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