Investment Property Screening Worksheet
Model scheduled rent, other income, vacancy, operating expenses, reserves, financing, cash invested, annual cash flow, and downside cases in one fillable file.
Open fillable PDFFree Georgia Rental-Property Toolkit
Georgia Investment Property Screening Kit
Document income assumptions, operating expenses, financing, reserves, due diligence, and downside scenarios before deciding whether a property deserves deeper review.
4-page fillable worksheetConservative screening frameworkNo lender, manager, or agent obligation
Your screening kit is ready below. Use it to make assumptions visible, separate property operations from financing, and create a verification list. It is a first-pass decision aid, not a prediction or recommendation to buy.
Screen the complete property decision
Property Investment Basics
Review rental-property fundamentals, due diligence, fair-housing responsibilities, landlord resources, and a disciplined screening approach.
Open investment guideTrue Monthly Ownership Cost
Use the Rising Star Decision Lab to organize mortgage, tax, insurance, HOA, maintenance, utilities, and other recurring ownership costs.
Open private calculatorLoan Estimate Comparison
Compare payment, lender fees, credits, cash to close, mortgage insurance, rate-lock terms, and five-year cost across written offers.
Open fillable PDFInspection & Due Diligence Guide
Prepare for condition review, specialist questions, contract deadlines, repair decisions, and property-specific professional advice.
Read inspection guideHome Improvement Project Planner
Scope possible work, compare bids, document allowances and contingencies, and avoid treating an early repair estimate as a verified cost.
Open fillable PDFThree outputs that need careful interpretation
NOI is annual effective income minus annual operating expenses, before debt service and income taxes. Cap rate is annual NOI divided by purchase price. Cash-on-cash return is annual pre-tax cash flow divided by total cash invested. Each result is only as reliable as the documented inputs and exclusions behind it.
A disciplined five-step screen
Document income.
Use current leases, market evidence, concessions, collection history, and a stated vacancy assumption.
Use current leases, market evidence, concessions, collection history, and a stated vacancy assumption.
Include full expenses.
Separate taxes, insurance, HOA, utilities, maintenance, management, turnover, capital reserves, and owner-paid services.
Separate taxes, insurance, HOA, utilities, maintenance, management, turnover, capital reserves, and owner-paid services.
Separate operations from debt.
Calculate NOI before financing, then model payment, loan costs, and total cash invested separately.
Calculate NOI before financing, then model payment, loan costs, and total cash invested separately.
Stress test.
Lower rent, raise vacancy and repairs, adjust financing, and consider exit costs instead of relying on one expected case.
Lower rent, raise vacancy and repairs, adjust financing, and consider exit costs instead of relying on one expected case.
Verify independently.
Confirm zoning, rental rules, HOA restrictions, title, leases, condition, insurance, taxes, financing, and professional advice.
Confirm zoning, rental rules, HOA restrictions, title, leases, condition, insurance, taxes, financing, and professional advice.
Frequently asked questions
Does this worksheet tell me whether a property is a good investment?
No. It organizes assumptions and questions for further review. It does not predict appreciation, occupancy, repairs, financing, tax results, or returns.
Should mortgage payments be included in NOI?
No. This kit treats NOI as property income minus operating expenses before debt service and income taxes, then models financing and cash flow separately.
What should I verify before relying on rental income?
Verify leases, payment history where lawfully available, concessions, occupancy, permitted use, local rental rules, HOA restrictions, utilities, management needs, condition, and comparable evidence.
Does accessing the kit require me to use a particular lender, manager, contractor, or agent?
No. You may compare and choose qualified professionals. Accessing the kit creates no obligation to use a specific provider.
Scope and entity disclosure: Reviewed October 12, 2026. These resources are educational and are not legal, tax, accounting, investment, lending, appraisal, property-management, inspection, engineering, insurance, or settlement advice. Property facts, rents, expenses, financing, laws, restrictions, condition, and provider terms can change and must be verified for the specific property. Rising Star Properties owns and operates this website and lead-generation platform. Licensed real-estate services are provided by Rising Star Realty Group, LLC and its licensed professionals.
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