How to Analyze a Single Family House Rental Property

⭐ Join Rental Property Mastery, my coaching & learning community:
www.coachcarson.com/RPM-YT
🎙️ Episode 332 - Ready to dive into the nitty-gritty of single-family rental property analysis? Coach Carson guides you through a real-life example, breaking down the process step-by-step using tried-and-true tools. Whether you're a seasoned investor or just starting out, this episode is your ultimate guide to running the numbers and making savvy real estate decisions.
📄 Show Notes: www.coachcarson.com/analyzesi...
▶️ Next Video: My First Rental (17 Years Later) - How Much Cash Flow I Actually Made:
• My First Rental Proper...
🎬 Timestamps:
0:00 - Intro
0:59 - Back of the Envelope Analysis
1:27 - The 3 Ingredients of a Good Deal
2:50 - #1: Location
6:58 - #2: The Property Itself
10:56 - #3: Running the Numbers
23:41 - Using a Spreadsheet
37:37 - How Much Cashflow I Actually Made on my First Rental
🔗 Show Links:
• Coach’s Deal Worksheet (Desirability Checklist): www.coachcarson.com/toolkit-yt/
• Coach's Buy Box Video: • This is my Ideal Renta...
• BiggerPockets Rent Estimator: www.biggerpockets.com/insight...
• Coach’s Simple Rental Property Calculator: www.coachcarson.com/rental-pr...
• Coach’s Internal Rate of Return Video: • How to Calculate Inter...
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[@nwprt]

I watch your videos over bigger real estate KZbinr names. Because you are about efficiency you don’t have endless KZbin money to throw at something you’ve actually worked things out in a way that saves money thank you so much!

[@CoachChadCarson]

thanks for your feedback and for watching my videos! It means a lot! 🙏

[@loganhanft9981]

Thank you, real info, real education, real life examples, real learning! I am grateful and appreciative for the time you took to make this and spread your knowledge

[@CoachChadCarson]

I appreciate that feedback! Glad it was helpful, and I hope you find other videos on the channel helpful as well. Lots more to come every Monday!

[@alpinismutilitar3886]

Thank you for the video and for the effort.

[@CoachChadCarson]

my pleasure! thanks for watching.

[@leeroach3381]

Very helpful Thank you for sharing

[@roldancrespo]

Coach it's great to see optimized versions of your back in the days REI Math Videos. Very valuable explanation on the Virtual SURBAN analysis!!

[@CoachChadCarson]

thanks Roldan! Trying to go back to the roots while still making it fresh!

[@Coast_to_Coast]

Love videos like this!

[@CoachChadCarson]

Glad you like them! Thanks for watching.

[@KidCity1985]

Thanks Coach, this was a great video.

[@CoachChadCarson]

Thanks for watching!

[@datweetee1]

Yea please make a video on how you run comps/estimate value! T thank you for all that you do Coach! We are excited but also nervous to start our journey but with your guidance, it gives us a little bit more confidence to just go out there!

[@CoachChadCarson]

Will do!! And thank you for watching. Best of luck on the next steps of your journey.

[@joshmac5914]

Great video,ty!Would love to see one on comps!

[@CoachChadCarson]

thanks for the feedback! On my list.

[@user-dt8ro2pq9x]

Coach, your video improved a ton! What do you think about the new tool Airbtics for analyzing vacation properties?

[@es892o]

Great video. Already shared with a few would-be investor friends

[@CoachChadCarson]

Thanks for sharing! That's the biggest compliment you can pay me!

[@priceandpride]

Love your breakdown approach but not sure how I feel about using zuber’s terms for buy box and alligators instead of more plain language

[@AllNighterHeider]

Thanks Coach

[@CoachChadCarson]

thanks for watching!

[@danielnolte3579]

You're video is excellent! I would love to see a comping video analyzing local comps and the value of our own properties. Could you show us with caps rates and traditional comps?

[@CoachChadCarson]

Great suggestion! thank you. Yes, I'll do one with comps/comparative market value and another with income approach. I do have a cap rate video I made a while back: kzbin.info/www/bejne/b4nCYp5nrJuoacUsi=l8wyJ1UYRl8uX5TW

[@Jsitun]

Coach, do I get a single family home now to be able to put equity into it, or do I save a bit more and get a duplex later this year? If you had to choose?

[@circa33]

@coach Carson, great simple presentation. Just curious, why not a field for the Cap rate?

[@CoachChadCarson]

Thank you! I do use cap rate / unleveraged yield a lot, but the intention of this spreadsheet was to just so simple cash flow and return metrics. However - it might be time for an upgrade since cap would be an easy addition. Thanks for suggestion!

[@JamieVictorCharlesWisema-fv1pg]

good

[@arielspivak1113]

Hey man, thanks for what you do. It's helpful and educational. Yes, I am certainly interested in seeing how you run comps, etc. to underwite deals and feel like you've done your homework reasonably well. I'm planning on deploying a lot of capital (close to 7 figures) this year, and I'm only mildly experienced in REI, so I've probably been overthinking deals I come across. I would really like to see what you do, how much time you spend on it, etc. before submitting offers.

[@CoachChadCarson]

Added to my near future videos list. Thank you! In the meantime, good luck with your next steps deploying capital. I recommend starting simple with properties that are easy to understand (like single family house rentals). Walk before you run!

[@arielspivak1113]

@@CoachChadCarson That's good advice. Thank you. I've walked a bit. I've been a landlord before, I am turning my current single family into a rental because I'm buying another one (had a 2nd kid, need more room) and I'm thinking triplex or quad (if I can find a good one that pencils out) or mixed use for this capital in particular. I also own a NNN single tenant with some family, so I'm trying to diversify a bit as well. Thanks for taking the time to reply and hope you feel appreciated by us YouTubies for your efforts.

[@rubayyatkhan]

This is great! Thanks coach. Are you buying these properties in LLC or in personal name?

[@CoachChadCarson]

Mostly LLCs

[@rubayyatkhan]

@@CoachChadCarson mine are all in LLC as well. Which means interest rate is fixed for 5-7 years amortized 25 years. Is that the case for you?

[@Thom_Yorky]

Interesting house example that you're using in this video. The Zillow Zestimate on that house increased 85K in 6 months?

[@CoachChadCarson]

Zestimates fluctuate sometimes. Not sure why in this case.

[@AberrantArt]

I've heard so many rules of thumb for operating expenses. 30-50 is most common. Would you mind doing a video on how you run detailed operating expenses?Include things like Vacancy, Maintenance, Capital Expenditures. Lawn care, and anything else that most people don't think of?

[@CoachChadCarson]

Great suggestion! Thank you. I've added that to my "how to run the numbers" video ideas.

[@AberrantArt]

@CoachChadCarson ❤️ awesome! I appreciate you taking suggestions. Looking forward to it. Keep up the great work!

[@brandonpennock8811]

Do sellers actually take a 30 year term? That seems a long time to get money from a sale of a home.

[@mohandevbhandari3665]

I enjoyed the video. I downloaed the calculator excel spread sheet. It looked like a blank sheet with no data or formula in it. It was completely unhelpful for me. Am I missing something? Thanks

[@CoachChadCarson]

Something doesn't sound right. The spreadsheet has a lot of formulas and is just like the one I used in the video. Did you try this link to download it: www.coachcarson.com/rental-property-calculator-spreadsheet/

[@CoachChadCarson]

Make sure to use tab 2 where the formulas are. Works best if you save it on your computer or Google Drive and manipulate from there.

[@carolinaserna818]

As long as u look at buying in any state you can find good deals major coties is harder

[@claudiovallone9217]

I like you dont minimize repairs and capex. Those can be very expensive

[@CoachChadCarson]

School of hard knocks!!

[@tnorth7090]

IN CANADA YOU HAVE TO SPEND 400K FOR GARBAGE HOMES. LOTS ARE 300K EVERYWHERE

[@CoachChadCarson]

yeah, prices are high relative to rents in parts of Canada and big cities in US.

[@priceandpride]

But it’s Canadian dollars so still not as bad as the coasts in the US

[@princea5363]

Who has 60k for a down payment... I must be watching the wrong channel

[@CoachChadCarson]

I had to partner with others to get started. I didn't have $60k (or even $10k). Nothing wrong with having 50% or even 10% of something instead of 100% of nothing. There are plenty of people out there with money who'd partner with you if you find good deals and demonstrate they can trust you.