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Updated over 9 years ago on . Most recent reply
The One Minute Property Evaluator!
Hello, BP!
That's right! I have created a quick and simple tool for you all to use to evaluate both single family and multi-family properties in only one minute!
I have read many blogs and forum posts regarding the infamous 50% rule and have been working my own spreadsheet. This one lets you analyze multiple purchase prices at once after inputting the number of units, average rent, estimated expenses (40%, 50%, etc), and a down payment! The result is shown in a table as the total monthly cash flow, which is then highlighted based on a minimum cash flow per door.
I'm sure something has been forgotten or has an error, so I would love any and all feedback you have. Click here to take a look and see what you think!
Regards,
Drew