Rental Property ROI Calculator

Is a rental property likely to deliver the return you’re looking for? Before investing, look beyond the monthly rent. Property taxes, insurance, vacancy, maintenance, management, capital repairs, and mortgage payments can all affect your results.

Use this rental property ROI calculator to estimate net operating income, annual cash flow, capitalization rate, cash-on-cash return, and break-even occupancy. You can also explore how a property’s potential value and remaining mortgage balance may change over time.

Enter realistic figures based on the property and local market. These estimates are a starting point for evaluating an opportunity, not a guarantee of future performance.

Rental Property ROI Calculator

Evaluate rental income, operating performance, cash flow, and return on your real estate investment.

1. Purchase & Initial Investment

Property purchase price ($)

Down payment (%)

Percentage of purchase price paid in cash.

Purchase closing and loan costs ($)

Initial repairs and improvements ($)

Initial cash reserve ($)

Cash set aside for unexpected costs.

Estimated annual appreciation (%)

Optional scenario assumption; not guaranteed.

2. Rental Income & Vacancy

Monthly scheduled rent ($)

Other monthly property income ($)

Vacancy and nonpayment allowance (%)

3. Annual Operating Expenses

Property taxes ($ per year)

Insurance ($ per year)

Maintenance allowance (% of effective income)

Capital repair reserve (% of effective income)

For larger future repairs and replacements.

Property management (% of effective income)

Owner-paid utilities ($ per year)

HOA and other fixed costs ($ per year)

Other operating expenses ($ per year)

4. Mortgage & Return Assumptions

Annual mortgage interest rate (%)

Mortgage term (years)

Investment period (years)

Used for an illustrative appreciation and equity estimate.

Adjust the example figures to analyze your property.

Annual net operating income (NOI)$0

Annual cash flow after mortgage$0

Capitalization rate (cap rate)0%

Cash-on-cash return0%

Estimated cash invested$0

Break-even occupancy rate0%

Illustrative property value after investment period$0

Estimated remaining mortgage balance$0

Illustrative equity before selling costs$0

Annual Operating Breakdown

Scheduled rental income	$0
Other rental income	$0
Vacancy and nonpayment allowance	$0
Effective gross income	$0
Property taxes	$0
Insurance	$0
Maintenance allowance	$0
Capital repair reserve	$0
Property management	$0
Owner-paid utilities	$0
HOA and other fixed costs	$0
Other operating expenses	$0
Total operating expenses	$0
Net operating income	$0
Annual mortgage principal and interest payments	$0
Annual cash flow after mortgage	$0

Estimates only. Net operating income (NOI) excludes mortgage payments, income taxes, depreciation, and capital expenditures. The cash-on-cash calculation uses annual cash flow after mortgage payments divided by estimated upfront cash invested. The initial cash reserve is included in cash invested but is not treated as an expense. Break-even occupancy estimates the percentage of scheduled rental income needed to cover operating expenses and mortgage payments, assuming other income remains unchanged and percentage-based expenses vary with effective income. The future-value and equity estimates assume the entered appreciation rate and a standard amortizing mortgage; they do not include selling costs, taxes, future capital spending, or changes in market conditions. Actual results will vary.

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Rental Property ROI Calculator

Rental Property ROI Calculator