ilmscore | My Step By Step Process For Analyzing Rental Properties (For Beginners)

My Step By Step Process For Analyzing Rental Properties (For Beginners)

Published: 2024-12-04
Status: Analyzed

Predictions from this Video

Total: 5
Correct: 2
Incorrect: 0
Pending: 3
Prediction
Topic
Status
The example property in Killeen, Texas, is predicted to rent for $1,300 per month.
"I can pretty confidently say that we are going to be between the 1100 and maybe, 1500 price point so let's just say it's around $1,300 a month that we can rent this property for"
Real Estate Rental Income
Correct
The example property's value is projected to appreciate by 3% annually.
"the appreciation increases by about 3% % a year"
Real Estate Appreciation
Correct
The example property is projected to generate $2,625 in cash flow in the first year.
"your cash flow is $218 a month which is $2,625 for the year"
Real Estate Cash Flow
Pending
The example property is projected to yield a total return on investment of 29% in the first year.
"for this one year you've actually gained $6,437 and out of the $20,000 that you put in that means that you've gained 29%"
Real Estate ROI
Pending
The example property is projected to yield a total return on investment of 31.2% in the second year.
"the next year again you're getting $2,921 [cash flow]... this year you're paying $871 [debt paydown] and because you're getting 3% of last year's number now your appreciation is $3,090 so it's again a 31.2% of your 20,000 you put in"
Real Estate ROI
Pending