From the course: Real Estate: Navigating the Multiple Listing Service (MLS)
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Calculate deal numbers
From the course: Real Estate: Navigating the Multiple Listing Service (MLS)
Calculate deal numbers
- [Instructor] Step five. Calculate Your Deal Numbers. With your repair cost estimate and your ARV, use the Deal Analyzer worksheet included with the resources for this training course to find out if this property is a potential deal. Here you'll enter your information along with the length of time you expect a project to take into the spreadsheet to calculate your estimated net profit and total costs ROI, or return on investment. Make sure to adjust the cost of your money to reflect the interest rate and points you have negotiated with your lenders, either hard money or private money lenders. You will also need to make adjustments for your holding and sales costs. For example, enter the yearly property taxes so the Deal Analyzer can calculate your monthly holding costs. For the selling costs, include the commission percentage you have agreed to pay your agents.
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