Real Estate Analysis
Once you have searched for properties and found a handful that look promising, it is time to crunch the
numbers and determine their true potential.
To analyze these properties effectively and efficiently, follow the 5 step process in this section
and
use the Real-Estate-Analyzer spreadsheet to calculate your results.
****Click on this link to download the FREE Real-Estate-AnalyzerNOW!****
This spreadsheet will:
- Calculate the ROI on rental properties
- Calculate the ROI and estimated profit on quick-flip properties
- Compare the price of your search properties to the average market value and price per square foot
- Calculate your monthly mortgage payments
- Compare all your ‘potential purchases’ in one simple sheet, based on the most important
investment criteria
USER GUIDE – Real-Estate-Analyzer
- Enter the name of the search location at the top of the Reference Sheet
- Enter all relevant data of the properties you want to analyze in the Reference Sheet. Use the Mortgage Calculator worksheet to calculate the mortgage rate.
- Enter 10 comparable properties in the 'comparables' tab.
- View the results automatically calculated in the ROI sheet. These results best reflect the ROI on rental properties.
- View the results automatically calculated in the Re-sell Profit Analysis sheet. These numbers best reflect the ROI on properties that are sold shortly after purchase (I.E. fixer-up-ers, foreclosures, fire sales)
- View the results in the Price Check sheet to see how well the property is priced against similar house plansin the area
- See a summary of the most important calculations in the 'Analysis Summary' worksheet