How to Evaluate an Investment Property - Part II

I have completed my video of the investment property that I visited earlier in the week. Below is a picture of the front of the property:


I ran a spreadsheet that took into account an offer of $550,000, a fixed 30 yr mortgage, different types of possible 2nd mortgages, the monthly costs of misc. expenses, heating, insurance, taxes, and water. I then compared that cost to the current rents and the future rents.

Here is a link to the excel spreadsheet with a summary of the basic analysis: Rental Property Analysis Spreadsheet. I go into full detail of the rental analysis on my website HouseWealthy.com.

Here is a link to a clip of the Real-life Evaluation of an Investment Property. video. The full video analysis is available on my Build Wealth Through Real Estate website.

In summary, I plan to make an offer on this property that will be in the mid to upper $500k range. I will let everyone know if my offer is accepted :). Hopefully this video will help with your plans to acquire income-producing investment properties.