Rental Property Investment Calculator
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Enter a deal and see cap rate, cash-on-cash, and a 15-year projection.
Cap RateCapitalization rate — NOI ÷ (purchase price + capex). A leverage-free measure of return on the asset itself.
3.66%
−
Cash-on-CashAnnual cash flow ÷ total cash invested (down payment + capex + acquisition closing costs). Includes the effect of leverage.
-12.64%
−
NOINet Operating Income — annual gross rent minus vacancy and operating expenses, before debt service or income taxes. / yr
$36,600
−
Cash FlowAnnual NOI − annual debt service. The cash left in your pocket after operating costs and the mortgage are paid. / yr
-$27,269
−
Debt ServicePrincipal + interest payment on the mortgage. The cost of carrying the loan; excluded from NOI. / mo
$5,322
−
Loan AmountMortgage amount = purchase price − down payment. The portion of the deal financed by the lender.
$800,000
−
Deal inputs
Purchase price
Down paymentCash you put up at closing — the part of the purchase price not financed by the mortgage.
$200,000
Interest rate
Loan term
Acquisition CapEx
Monthly incomeTotal scheduled rent collected from all units before any deductions for vacancy or expenses.
Units
Set all to
$
$
$
$
$
$
Monthly expensesOperating Expenses — recurring costs to operate the property: taxes, insurance, utilities, management, maintenance, etc. Excludes the mortgage and capex.
Taxes
$
/moInsurance
$
/moManagement
$400/mo
Heat
$
/moElectric
$
/moWater
$
/moLawn / Snow
$
/moPest Control
$
/moTrash / Recycling
$
/moMaintenance
$
/moCapEx Reserves
$250/mo
Other
$
/moDeal summary
| Monthly | Annual | |
|---|---|---|
| Gross Rent | $5,000 | $60,000 |
| Vacancy | $250 | $3,000 |
| Opex | $1,700 | $20,400 |
| NOI | $3,050 | $36,600 |
| Debt Service | $5,322 | $63,869 |
| Cash Flow | -$2,272 | -$27,269 |
| Loan Amount | $800,000 | |
| Cap Rate | 3.66% | |
| Cash-on-Cash | -12.64% |
Income breakdown
Expenses
$23,40039.0%
Debt Service
$63,869106.4%
Expenses exceed income by $27,269 / yr
of $60,000 gross annual rent
Reverse pricingWorking backwards from a target cap rate to find the price you'd need: NOI ÷ target cap rate − capex.target cap rateCapitalization rate — NOI ÷ (purchase price + capex). A leverage-free measure of return on the asset itself. → implied price
%
Implied price$915,000−$85,000 vs current
NOI $36,600 ÷ 4.00%
Rent growth / yr
15-Year Cash Flow
Cumulative cash flowCapital invested
15-Year Equity GrowthThe portion of property value you own outright = current value − outstanding loan balance.
EquityLoan balance