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🏠 Rental Property Calculator

Analyze IRR, cap rate, cash-on-cash return, NOI, and full annual projections for any rental or investment property.

🏠 Purchase

Purchase Price
$
Down Payment
$
Interest Rate
%
Loan Term
years

Closing Cost

Closing Costs
$

💰 Recurring Operating Expenses

Annual ($)Annual Increase
Property Tax
$
%
Total Insurance
$
%
HOA Fee
$
%
Maintenance
$
%
Other Costs
$
%

💰 Income

AmountAnnual Increase
Monthly Rent
$
%
Other Monthly Income
$
%
Vacancy Rate
%
Management Fee
%
of rent

📈 Sell / Exit Strategy

Value Appreciation
% per year
Holding Length
years
Cost to Sell
% of sell price
Note: Estimates for educational purposes only. Consult a licensed real estate professional before investing.
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How to Use the Rental Property Calculator

Fill in all four sections — Purchase, Operating Expenses, Income, and Exit Strategy — and click Calculate. The calculator computes IRR, cap rate, cash-on-cash return, net operating income, DSCR, and a full year-by-year projection table over your holding period including property appreciation and debt paydown.

Key Metrics Explained

MetricFormulaBenchmark
Cap RateNOI / Purchase Price5–10% for residential
Cash-on-Cash ReturnAnnual Cash Flow / Cash Invested8–12% target
IRRAnnualized total return (incl. appreciation)Higher is better; compare to alternatives
DSCRNOI / Annual Debt ServiceLenders want ≥1.25×
GRMPrice / Annual Gross RentLower is better; <12 is favorable
1% RuleMonthly Rent / Purchase Price≥1% for likely positive cash flow
Rental PropertyCap RateIRRCash FlowNOIReal Estate