Submit Your Deal for Dave to Review:
https://docs.google.com/forms/d/e/1FAIpQLScJ6HcyRJGSLyP9_xX528qFQK5GwxNDWarpmjIGMq6HgdZ6nw/viewform
Try the BiggerPockets Calculators:
https://www.biggerpockets.com/investment-calculators?utm_source=youtube&utm_medium=description&utm_campaign=none
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Learn How to Analyze Real Estate with Dave’s Book, “Real Estate by the Numbers”:
https://store.biggerpockets.com/products/real-estate-by-the-numbers?utm_source=youtube&utm_medium=description&utm_campaign=none
Find an Investor-Friendly Agent in Your Area:
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Cash Flow For Rental Properties: What is Average or Good?
https://www.biggerpockets.com/blog/rental-property-cash-flow-analysis?utm_source=youtube&utm_medium=description&utm_campaign=none
Connect with Dave:
https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none
This is how to calculate cash flow on a rental property quickly, easily, and without knowing much math. I’ll even show you how to estimate rent prices in the area so you can get the most accurate real estate cash flow analysis BEFORE you buy your first or next investment property. I use this cash flow calculator to quickly scan through deals and decide which are worth making an offer on and which won’t be worth the effort.
Today, I’m analyzing a potential rental property in Ferndale, Michigan, only twenty minutes from Detroit. This property comes at a surprisingly cheap price ($135,000) and sports some impressive rents (it’s hitting the 1% rule!). But, even with the high rents and low home prices, can this small property cash flow? I’m analyzing this deal in under fifteen minutes and showing you exactly what to do to boost its potential cash flow even more.
You can use the BiggerPockets Rental Property Calculator (https://www.biggerpockets.com/analysis/rentals/new) to run these numbers in minutes, just like Dave does in this video!
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