Rental Property Evaluator

Underwrite a SPECIFIC candidate rental property — enter its purchase price, mortgage terms, expected rent and occupancy, and operating expenses to see cap rate, cash-on-cash return, and debt service coverage (DSCR).

🔒 This tool requires the Standard plan or above. You can explore the inputs below, but Calculate will not return results until you upgrade.

Purchase & Mortgage

Purchase price: $400,000

Down payment: 25.00%

Mortgage interest rate: 5.00%

Amortization period: 25 years

Closing costs: $5,000

Legal, land transfer tax, inspection, etc.

Income

Expected monthly gross rent: $3,400

Expected occupancy: 95.00%

Models vacancy loss directly against gross rent — not just gross rent alone.

Expenses (annual)

Property tax: $0

Insurance: $0

Repairs & maintenance: $0

Utilities (landlord-paid): $0

HOA / condo fees: $0

Property management: 0.00%

Percent of effective gross income (post-vacancy). 0 if self-managed.

Capital reserve (CapEx): $0

Roof, furnace, appliances — set aside separately from routine maintenance.

Other expenses: $0

Licensing, pest control, landscaping, etc.

Include DSCR / cash-flow sensitivity analysis

Stress-tests DSCR and cash flow under higher interest rates and lower occupancy.

Adjust the inputs above, then click Calculate to evaluate this property.

Year-1 snapshot figures. NOI excludes the capital reserve (CapEx) — a standard real-estate convention — but cash flow and cash-on-cash return both include it. Not financial or tax advice.