Real estate is a common and potentially lucrative investment tool, especially given the recent increases in real estate prices.
However, investing in real estate requires extensive analysis to ensure you aren’t stuck with a massive financial headache.
Whether you’re investing in residential or commercial real estate, flipping homes, or buying a home for you and your family, here are 15 real estate spreadsheets to help you make prudent buying decisions and organize the finances of your current properties.
Note: Most of these links contain direct downloads to spreadsheets in .XLSX or .XLS formats. These are compatible with Excel, but you can also easily upload them to Google Drive and edit in Google Sheets.
Read more how to open files and formats in Google Sheets here. (A few of these links directly open in Google Sheets.)
Residential and Commercial Real Estate Investing
1 – Debt Service Coverage Ratio Calculator and Matrix – (Direct Excel download) from Resheets – Use this template to figure out your debt service coverage ratio, which is your ability to pay your real estate debt given your income from your properties. It’s especially useful when deciding whether or not to purchase a property.
3 – Rental Cash Flow Analysis Template – (Direct Excel download) from Vertex42 – With this spreadsheet, you can run multiple cash flow analyses for a single property simultaneously to determine the optimal rent to charge given your expenses.
4 – Cash Flow Spreadsheet – (Direct Excel download) from Jimmy M – This cash flow spreadsheet helps you analyze the cash flow of multiple properties at a time.
6 – Property Cash Flow Analyzer – (Direct Excel download) from Chandler Properties – This is another comprehensive spreadsheet that will help you assess the attractiveness of a property before you purchase and calculate the net income of a property you already own.
7 – Rental Property Management Spreadsheet – (Direct Excel download) from Investment Property Calculator – This spreadsheet allows you to manage your income and expenses by month for each of your rental properties. It also has a helpful summary sheet that combines the data from each of your properties.
8 – Commercial Real Estate Valuation and Financial Feasibility Model – Direct Excel download) by Questor Consulting, LLC – This detailed template estimates the value of a piece of commercial real estate and analyzes the investment over 10 years.
Spreadsheets for Real Estate Flipping
9 – Residential Fix and Flip Deal Analyzer – (Direct Excel download) from Dealmakers Blog – If you purchase property to fix and resell, this spreadsheet will help you analyze profit scenarios based on rosy, conservative and likely cost estimates.
10 – House Flipping Spreadsheet – (Direct Excel download) from Houseflippingspreadsheet.com – This spreadsheet analyzes every aspect of house flipping from deciding on the optimum purchase price to estimating every aspect of your repairs.
Spreadsheets for Personal Real Estate Investing
11 – Home Buying Comparison Checklist – (Direct Excel download) from Spreadsheet Shoppe – This template focuses on primary dwellings, so if you’re looking to buy a home for you and your family, this spreadsheet will analyze every aspect of the homes you’re considering from number of bedrooms to school districts to proximity to public transportation.
12 – Home Ownership Expense Calculator – (Direct Excel download) from Vertex 42 – This helpful spreadsheet will determine how much home you can afford. It also has a mortgage loan amortization table so you can see your payments over the life of the mortgage.
13 – Home Cost Calculator Template – (Opens in Google Docs) This spreadsheet uses an estimate of your financial capacity to determine the true cost of owning a home.
14 – Buy a House or Rent Template – (Opens in Google Docs) As the name suggests, this template determines whether you should buy or rent based on many different aspects of owning a home, such as tax deductions and estimated net proceeds from selling the home.
Note: To use a locked Google Sheet, go to “File” → “Make a copy.”