Correctly analyzing a potential income property does not have to be hard. Proper analyis only requires some simply information that includes the purchase price, down payment amount, mortgage interest rate, mortgage term (most likely 30 years), estimated yearly rental income, and estimated operating expenses (insurances, taxes, water/sewer,etc) Once you have this info your returns can be calculated fairly easily. I have a property investment analyzer that will figure your Gross rent multiplier, cap rate, etc but all you really need to know is what you cash on cash return is. If you need help analyzing an investment let me know I would be happy to help you out. Here is a link to the analyzer that works well to give you a quick overview of a property.
Click here for a quick and easy Albany NY Real Estate Investment Analyzer
