Here is what the output of this tool looks like. The ability to add in additional income (laundry, RUBS, etc).Charts that show projected income, expenses, and cash flow projections for the next 30 years.If you’re interested in taking a deeper dive on a property, I built a more advanced calculator that also shows you: The calculator above is a great resource to quickly check if a rental property has the potential to be a good investment, but is still missing some important information you’d want if you’re seriously evaluating a property for purchase. How do expenses change with bigger properties?Īdvanced Rental Property Calculator (free).What is a good return for a rental property?.A video tutorial where I model a real deal and discuss expenses.My personal rental property calculator spreadsheet that I use (free).In this article, I’m going to give you one of the most important tools in any real estate investor’s toolbox: a financial model for rental property that you can stand behind. Properties that look nice and seem like they might be a good deal often end up being bad investments that would lose you money every single year if you made the mistake of purchasing them.Ī great rental property calculator takes the guesswork out of forecasting your cash flow, and makes it much easier to grow a profitable portfolio. However, understanding how an investment property is going to perform can be very difficult to do without the right tools. If you’re able to project how a rental property is going to perform, and you’re able to understand exactly how much cashflow you’re going to have after your mortgage and expenses, you can build a successful portfolio. While growing my portfolio, I’ve looked at hundreds, if not thousands of deals, and one thing became very clear: investing in real estate is a numbers game, and cash flow is king. Over the past few years I’ve grown my real estate portfolio from a small 4plex that I house hacked, to 22 apartments worth over $1.6 Million dollars. Ben has a rental portfolio of 22 doors, and has used the calculators in this article hundreds of times in the last 3 years. Are you a top realtor? Join Clever’s networkĭo you want to close more loans? Join Clever's partnership programĪbout The Author: Ben Mizes is a real estate investor, licensed real estate agent, and CEO of Clever Real Estate.
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