Free Excel Rental Property Analysis Template | Analyze Investment Potential
Analyze rental property investments. Calculate cash flow, ROI, cap rate, and determine if a rental property is a good investment.
Download TemplateA rental property analysis template is a free spreadsheet that evaluates real estate investment profitability. It calculates cap rate, cash-on-cash return, debt service coverage ratio, and projects 10-year financial performance to determine if a rental property is a good investment.
What You Get
3 sheets: Property Details, Income/Expense Tracking, Investment Analysis
- Income and expense tracking
- Cash flow analysis
- ROI and cap rate calculation
- Investment comparison
Frequently Asked Questions
What is cap rate and how do I calculate it?
Cap Rate = Net Operating Income / Purchase Price x 100. Example: $50k NOI / $500k price = 10% cap rate. Higher cap = better value.
What is cash-on-cash return?
Annual cash flow / down payment x 100. Example: $10k cash flow / $100k down payment = 10% cash-on-cash return.
What expenses should I include for rental property?
Mortgage, property tax, insurance, maintenance (5-10%), property management (8-12%), utilities (if you pay), vacancy allowance.
What is debt service coverage ratio?
NOI / annual mortgage = DSCR. >1.25 is healthy (good ability to cover mortgage). <1.0 = negative cash flow.
How do I calculate net operating income (NOI)?
NOI = Gross Income - Operating Expenses (excludes mortgage payments). Shows profitability before financing.
Is this rental property a good investment?
Generally: cap rate >5%, cash-on-cash return >8%, DSCR >1.25. This template compares property to benchmarks.
How do vacancies affect profitability?
Significantly. 5-10% vacancy assumption reduces gross income. Longer vacancies reduce profit. This template factors it in.
How do I project long-term rental property profits?
This template models 10 years showing: cash flow, mortgage paydown (equity building), appreciation, total wealth accumulation.
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