Rental Property Worksheet


Type of property and management of that property


Discuss and decide what type of property you want to own and whether you will manage it or hire a professional to do so.

Townhome/condo   __  Single Family Detached Home ___

Self Managed         __  Professionally Managed ___


Purchase price Calculation


Use the amount you have for a down payment to calculate the purchase price

__________Down payment amount

__________Purchase price based on down payment (down payment divided by ____ % required by lender)


Search Locations


Identify areas where properties can be purchased for amount calculated above



Cash Flow Analysis


Property 1 _______________________________________

Description – Bedrooms/ Baths/ Parking/ Amenities/ Other Features




______ Projected Rent


______Mortgage (P&I)


______Management fee if applicable

______Active Maintenance (i.e. landscape service)

______Insurance (physical damage)

______Insurance (liability)


______Maintenance Escrow

______Capital improvement escrow



______Legal & Accounting expenses (i.e. lease & tax return preparation)

______Move in/out expenses

__________Total Expenses


Rent minus Total Expenses

__________Net Income/Expense


Summary/ Notes






Increase or reduce down payment. May benefit via interest rate reduction plus lower P&I payment

Calculations ___________________________________________________________________________

Increase or decrease financing term.

Calculations ___________________________________________________________________________


Initial Offer Price         _______ (highest cash flow)

Maximum Offer Price  _______ (lowest acceptable cash flow)


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