How to Make a Rental Property Analysis Spreadsheet
Abstract
What Is Rental Property Analysis? Rental property analysis is an inevitable step of every real estate investment. Learn More: A Step by Step Guide to Rental Property Analysis Why Use Spreadsheets for Property Analysis? Whether you already have some experience with rental property analysis or you're a complete newbie, creating a spreadsheet can become a game-changer for you. 6 Steps to Set Up a Rental Property Analysis Spreadsheet With that out of the way, let's look at how you can create a spreadsheet for analyzing your potential rental property investments. If you're making a list of properties you already own, add the current market value of the property, meaning the price at which you can sell the property based on current market conditions. Metrics You Want to Include The most basic rental property analysis checklist includes property price, down payment, mortgage payments, maintenance fees, and estimated revenue. Learn More: What Is a Good Rental Yield for Your First Rental Property? Alternatives to Rental Property Analysis Spreadsheets Planning out and making a spreadsheet is proved to be the most reliable way of rental property analysis. Is Rental Property Analysis Spreadsheet Enough? Some investors still prefer to stick to spreadsheets, seeing them as a more trustworthy and time-checked means of rental property analysis.
