Monthly cash flow, factoring in debt service Monthly expenses, including maintenance, taxes, and insurance Monthly revenue, including potential amenities Monthly debt service, factoring in loan term and rate Initial investment purchase price and closing costs The main inputs for XelPlus’s rental property calculator include: This is often a great idea for people new to real estate modeling, as it gives a potential investor hands-on experience at crunching the numbers, rather than simply relying on a pre-set model. Their site also teaches you how to build your own calculator on Excel or Google Sheets. XelPlus’s rental property ROI and cash flow calculator can be accessed in Google Sheets or Excel, which gives users much more latitude to edit the calculator and modify it to their own needs. Using these inputs, the calculator estimates metrics including: They also include a section for out-of-pocket costs and yearly expenses, including accounting/legal, advertising, replacement reserves, utilities, property insurance, management fees, payroll, real estate taxes, repairs, security, trash removal, and supplies. For example, their closing costs inputs include appraisal costs, lender and title fees, prepaid insurance, escrowed taxes, escrowed insurance, and inspections. The main benefit of Massive Passive Income’s calculator is its high level of detail. Their Multifamily Property Cash Flow Investment Calculator is specifically intended to calculate cash flow from multifamily and apartment properties, though it can also be used for single-family and 2-4 unit rental properties. Master Passive Income is a website dedicated to helping users create businesses and purchase investment properties to create passive income. In addition to providing a traditional real estate cash flow calculator, they also provide a variety of other real estate investment calculators, including a mortgage calculator, a BRRR (buy, rent, rehab, refinance) calculator, an Airbnb calculator, a 70% rule calculator, a fix and flip calculator, a wholesaling calculator, and a rehab estimator calculator. It helps calculate cash flow by determining residual income after property operational and financing costs including lease-up costs, utilities, property maintenance, and mortgage expenses. The BiggerPockets cash flow calculator is appropriate for single-family homes, duplexes, triplexes, quadplexes, and apartment buildings. Generate printable PDFs to show lenders or outside investorsĬalculate return on investment (ROI) over a specific time According to their website, their rental property cash flow calculator helps investors:ĭetermine the profitability of a potential rental propertyĮstimate potential monthly and annual cash flow BiggerPocketsīiggerPockets is one of the most popular real estate investment communities on the internet. In this article, we’ll review the top 5 real estate investment property cash flow calculators online, looking at the pros and cons of each and how you can use them to better understand your property’s cash flow and other essential real estate profitability metrics, like IRR (internal rate of return) and cash-on-cash return over a specific investment period. This is particularly the case if you’re relying on an investment property as a major source of income, or if you’ve brought outside investors into your deal, such as in the case of commercial or multifamily real estate syndications. If you're a real estate investor, understanding your monthly cash flow is essential. Calculate Your Monthly and Annual Cash Flow With These Easy-to-Use Calculators
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