Rental Property Calculator

Estimate rental cash flow, NOI, cap rate, cash-on-cash return, debt service, equity and holding-period IRR.

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Acquisition

Purchase priceClosing costsInitial repairsOther upfront costs

CurrencyUse financing

Down payment (%)Interest rate / APR (%)Loan term (years)

Loan: $200,000 · down payment: $50,000

Income and operating expenses

Monthly rentOther monthly incomeVacancy rate (%)Property tax (annual)Insurance (annual)HOA / service charge (annual)Maintenance (annual)Management (% collected rent)Owner utilities (monthly)Other expenses (annual)

Year 1

Monthly cash flow: $374
Annual cash flow: $4,490
NOI: $17,374
Cap rate: 6.95%
Gross rental yield: 10.56%
Initial cash invested: $65,000
Cash-on-cash return: 6.91%
DSCR: 1.35
Break-even occupancy: 77.99%
Operating expenses: $8,906

Holding-period projection

Holding period (years)Rent growth (%)Expense growth (%)Appreciation (%)Selling costs (%)

Year	Income	Expenses	NOI	Debt	Cash flow	Loan balance	Value	Equity
1	$26,280	$8,906	$17,374	$12,884	$4,490	$197,049	$257,500	$60,451
2	$26,806	$9,085	$17,721	$12,884	$4,837	$193,948	$265,225	$71,277
3	$27,342	$9,266	$18,075	$12,884	$5,192	$190,687	$273,182	$82,495
4	$27,889	$9,452	$18,437	$12,884	$5,553	$187,260	$281,377	$94,117
5	$28,446	$9,641	$18,806	$12,884	$5,922	$183,657	$289,819	$106,161
6	$29,015	$9,833	$19,182	$12,884	$6,298	$179,871	$298,513	$118,642
7	$29,596	$10,030	$19,565	$12,884	$6,682	$175,890	$307,468	$131,578
8	$30,187	$10,231	$19,957	$12,884	$7,073	$171,706	$316,693	$144,987
9	$30,791	$10,435	$20,356	$12,884	$7,472	$167,307	$326,193	$158,886
10	$31,407	$10,644	$20,763	$12,884	$7,879	$162,684	$335,979	$173,295

Net sale proceeds: $153,136
Operating cash flow: $61,399
Total profit / loss: $149,535
Estimated IRR: 15.35%

Pre-tax planning estimate only. Taxes and depreciation are not modelled. IRR depends on entered assumptions and is not a guaranteed return.

Pre-tax planning estimates only; returns depend on the assumptions entered.

What does the rental property calculator evaluate?

The model separates property operations from financing so NOI excludes debt service, while cash flow, DSCR and cash-on-cash return reflect the selected loan. The optional projection adds rent and expense growth, amortization, appreciation and sale costs.

How to use the Rental Property Calculator

Step 1Enter acquisition price, financing, rent and vacancy assumptions.
Step 2Add annual and monthly operating expenses with the labelled units.
Step 3Review Year 1 metrics, then expand the holding-period cash flows and estimated IRR.

Formula / How it works

NOI = effective gross income − operating expenses; cash flow = NOI − debt service.

Example

Model financed rental income and expenses, then project equity and sale proceeds over ten years.