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Property work sheet
Here is the property work sheet I use. I fill one of these out on each property to see if the property will fit into our over all plan. I keep one in the file of each property we buy. At the end of the re-hab process and the property had been rented, I redo the work sheet to see if we hit our goal for this property.
Property Evaluation
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Address: |
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Property Type: |
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Purchase price: |
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Estimated improvement cost: |
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Total estimated investment: |
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INCOME |
Monthly |
Annual |
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Estimated Income: |
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Property taxes: - |
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Insurance: - |
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5% Maintenance allow.: - |
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Total Operating Cost: |
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Net operating Income: |
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Property Value after Re-Hab: |
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Property value based 10% cap rate: (Net annual income times ten) |
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Property value based on Comps: |
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Property value based on monthly rent times 100 (Single family and Duplexes only) |
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Amount to Re-Fi for at 66% of value: |
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Cash Flow |
$ Monthly |
$ Annually |
% Annually |
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Cash flow based on 100% cash deal: (Cash flow divided by cash invested = % return) |
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Cash flow after Re-Fi: (Cash flow, less mortgage payments, divided by cash invested = % return) |
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