Best way to evaluate current property's financial performance?

[Lance Lvovsky]

I would like to put together something to calculate how well my current property is performing financially. Cap rate, cash-flow, cash on cash return, etc.

And then I would like for you all to comment and provide your thoughts on if it is doing well or not.

What is the best approach to do this? Just put everything in excel? 

[Brandon Turner]

Hey folks, yeah the link @Brie Schmidt posted, to the Calc, is the BP one. If you are not a pro, and want the free version, grab the one in the file place that Brianna also pointed to - http://beta.biggerpockets.com/files/user/brandonat... - . The BP Calculators were built off that spreadsheet, but have some added features. But that should get you what you need! :) (P.S. Brianna- congrats on #10000!) 

And @Lance Lvovsky let me know what you think of the BP Calc. You should be able to use it once or twice without being a Pro. Any feedback is always great!