Using Rental Property Calculator on property you already own??

[Alex Gordon]

Hello BP community,

I currently have an SFR as my personal residence that I am considering renting out. I am trying to use the BP rental calculator to do the analysis and am unsure how to approach it since it is geared towards making a purchase and ARV. Since I own it already, should I just plug in the numbers from the sale 3.5 years back (purchase price, interest rate, closing costs, etc.) and use the current market value and comps from a site like Zillow to come up with an approx ARV? Is there another calculator out there better suited for this that I am not aware of? Am I on the right track or way off in my attempt to crunch the numbers?

Thanks,

Alex