Yep - try to separate personal assistance (which might be necessary) with business decisions (which has a cold, calculated bottom line).

@Sandro Tchikovani the principal and interest amount should be almost identical but some calculators add in insurance and taxes that can vary widely between different areas so the calculators rely on your input.

Curious though, how do you calculate vancancy rate when running the numbers?

View report*This link comes directly from our calculators, based on information input by the member who posted.

I spent well over that as I felt my learning curve on this first rental property was a bigger one -- white belt and all.The tools that helped me most:   calculator, calculator, calculator.   

When calculating a BRRRR deal, I usually use the current year's property tax information as the annual tax amount.

Matthew,If you are going to refinance the home the bank would need to use both you and your Fiance in order to split the mortgage for DTI calculations. 

Please suggest.Numbers are belowHouse type: Town House, 3 bed, 2.5 bath, 1636 sqftYear Built: 2007Purchased: 175,000Mortgage Balance: 138,000Zillow Zestimate: 257,000 Interest Rate: 3.625 Rent per month: $1625Mortgage (PI) per month: 760HOA per month: 200Taxes per month: 308Insurance per month: 62Cash flow = $1625 – ($1330 + CAPX + Maintenance)Not sure how much percent I should calculate for CAPX and Maintenance.I don’t have property management company, If I include that also it will be negative cash flow.

Hello, would anyone be willing to share their Excel spreadsheet checklist and financial calculators they've made so I can edit them and use them for my business?

Hello BP family,When you're doing comps, how do you calculate for adjustments?