Analyzing Real Estate Deals with Calculators in 8020CRM
- Sep 23, 2024
- 1 min read
Updated: Feb 18
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Overview
The 8020CRM calculators make it easier to analyze and compare real estate deals by automating financial projections and allowing you to customize for different strategies. Whether you’re flipping, renting, or wholesaling, these calculators save you time and help you make smarter decisions.
Before You Begin
You must have access to the Calculators feature in 8020CRM. If you do not see calculator options or are missing configuration settings, contact your System Admin to confirm permission access.
Why It Matters
Using calculators helps you:
Eliminate guesswork in deal analysis
Standardize your offers and project budgets
Quickly compare opportunities across different markets or exit strategies
Improve transparency and accuracy for your team and partners
Understanding Calculator Inputs
Clone and Customize Calculators
You can clone existing calculators for different markets (e.g., “Philadelphia Rentals,” “Boston Flips”) or strategies. This ensures each deal analysis fits your specific needs.
Key Inputs Include:
Calculation Rules: Apply the 70% rule, rent rule, or custom rules based on your business model.
Profit Margin Targets: Set minimum gross profit or target percentage of ARV (After Repair Value)—the calculator will use the higher of the two.
Lender Costs & Fees: Input origination fees, loan percentages, rates, and coverage for acquisition/repairs.
Commissions & Closing Costs: Automate agent commissions, lead management fees, and disposition expenses.
Renovation Costs:
Flat Rate per Sq Ft: Estimate a quick rehab budget
Daily Spend: Project time-to-complete based on average daily spend
Detailed Scope: List out items (e.g., fixtures, appliances) and let the calculator estimate by quantity or property size.
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