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Here’s how to analyze a rental property in just twenty minutes. You don’t need to know any math or formulas to do it; all you need is a potential rental property, some time, and the BiggerPockets Rental Property Calculator (which you can try for free!). In today’s video, Dave will show you how to analyze a rental property in five steps to easily calculate cash flow, cash-on-cash return, and more key metrics to help you decide on a deal.
ANY beginner can use these simple steps to see whether their deal is worth doing. If you’re a new investor, do NOT trust the “back of the napkin” math when running your numbers. Follow these steps to quickly locate rental property comps, calculate ARV (after repair value), and find ways to increase your potential property’s cash flow. Plus, we’re showing you where to get ALL the data you need to do these calculations. Ready to buy your first rental? Got twenty minutes? Let’s get into it!
Join BiggerPockets Pro with code “DAVE24” to get 20% off AND use the Rental Property Calculator for ANY deal: https://www.biggerpockets.com/membership-types?utm_source=owned_media
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Join BiggerPockets for FREE 👇
https://www.biggerpockets.com/signup?utm_source=owned_media
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Find an Investor-Friendly Agent in Your Area:
http://biggerpockets.com/agentmatch
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Find Investor-Friendly Lenders:
http://biggerpockets.com/findlenders
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Property Manager Finder:
https://biggerpockets.com/findapm
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Tools Used in Today’s Video:
Rental Property Calculator: https://www.biggerpockets.com/rental-property-calculator?utm_source=owned_media
Rent Estimator: https://www.biggerpockets.com/insights/property-searches/new?utm_source=owned_media
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Hear Dave on The “On the Market” Podcast:
https://link.chtbl.com/OTM
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Watch Dave on the “On The Market” YouTube Channel:
https://www.youtube.com/channel/UCxDXuLvtjJ9Est8PrG3i2VA
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Check Out More Episodes of “The Data Show”:
https://youtube.com/playlist?list=PLgSUZKLPRI9vHmKt2TaUkBMBxW_3QHCPh&si=cY6GmWluKUUC2-Ex
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Redfin Data:
https://www.redfin.com/news/data-center/
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Connect with Dave:
BiggerPockets: https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none
Instagram: @thedatadeli or https://www.instagram.com/thedatadeli/
00:00 How to Analyze a Rental
01:52 Picking a Rental Property
03:21 1. Property Info
03:59 2. Purchase Price
09:51 3. Loan Details
10:20 4. Rental Income
13:18 5. Expenses
16:01 Cash Flow and Returns
21:15 Get This Right!
