The Best Rental Property Calculator

Welcome to RentalPropertyCalculator.com. You can use the calculator below to calculate every aspect of your rental property’s investment prospects.

Cash flow, how much of your mortgage will be interest versus principle, your IRR per year, your total return, your depreciation – it’s all here.

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Purchase
Purchase Price $
Down Payment %
Interest Rate %
Loan Term Years
Closing Cost $
Repair Cost $
Value After Repairs $
Monthly Income
Rent $ %
Annual Increase %
Other Income $ %
Annual Increase %
Vacancy Rate %
Management Fee %
Recurring Annual Operating Expenses
Property Tax $ %
Annual Increase %
Insurance $ %
Annual Increase %
HOA Fee $ %
Annual Increase: %
Maintenance $ %
Annual Increase %
Other $ %
Annual Increase %
Sell
Value Appreciation % Per Year
Holding Length Years
Cost to Sell %
Results
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Item
Total
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First Year Totals
Item
Monthly
Annual
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First Year Expense Breakdown
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Breakdown Over Time
Year Annual Income Mortgage Expenses Cash Flow
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Total {{results.breakdownOverTime.tableA.totals.income | currency : '$' : 0}} {{results.breakdownOverTime.tableA.totals.mortgagePayments | currency : '$' : 0}} {{results.breakdownOverTime.tableA.totals.expenses | currency : '$' : 0}} {{results.breakdownOverTime.tableA.totals.cashFlow | currency : '$' : 0}}
Breakdown Over Time (Contd.) If Sold at Year End
Year Yearly ROI Equity Accumulated Cash to Receive Return
{{$index + 1}}. {{year.roi | number : 2}}% {{year.equity | currency : '$' : 0}} {{year.sellCash | currency : '$' : 0}} {{year.irr | number : 2}}%

How to Use the Rental Income Calculator

Using this real estate calculator is simple. If you follow the basic steps, you’ll soon see what your potential return is for your property. You’ll see the capitalization rate, the total closing costs, the cash flow, the net operating income – you’ll see it all.

  • Add Purchase Info. Enter how much you will be purchasing the property for, including your downpayment figures, financing details, etc.
  • Add Expenses. Enter what expenses you’re expecting to have, including closing costs, property taxes, insurance, etc.
  • Add Income. Enter the potential rental income you’ll receive every month.
  • Add the Exit. Enter your exit assumptions, like how much you expect to sell for, how much you will or will not be paying a real estate agent, etc.
  • Calculate. Hit the “calculate” button.

You’ll be able to see your ROI, IRR, cash flow, etc.

If you have any feedback, suggestions, or even if you spot a bug or glitch, use the contact form and let us know what you think about the calculator.

Why Use an Investment Property Calculator?

If you want to be a successful rental property investor, you need to constantly run the numbers before buying a property. Run the numbers optimistically, run the numbers conservatively – just test out every possible combination.

See what your returns would be if you had unexpectedly high vacancies if insurance prices started to increase by 10% per year for a while, if there was no appreciation for longer than you wish, etc. Just test every possible scenario.

If you do this and the property still looks solid, that’s an incredibly useful signal that you’re making the right investment decision.

Good investors consider every imaginable scenario looking for risks and opportunities. The rental property calculator on this website will help you do just that.

Definitions: Key Terms in the Rental Property Calculator

  • ROI. The “ROI” of an investment is the “Rate of Return.” Your rate of return is essentially how much money your starting investment was able to grow over a certain amount of time. For example, if you can turn $100 into $300, then your ROI is 300%. Learning how to calculate your property’s ROI is important.
  • Cap Rate. The “capitalization rate” of a property is essentially how much of an income return your property would give you if you owned it without any financing. A house worth $100,000 that is projected to earn $7,000 in income without financing would have a cap rate of 7%.
  • Cash Flow. This is an important phrase. The cash flow from a property is how much extra cash you have after all expenses, including your mortgage, repairs, insurance, property taxes, etc. The more rental income you have, the safer the asset is, generally speaking.
  • Closing Costs.  Our rental property cost calculator allows you to see a rough estimate of your closing costs. Closing costs are important because unless you have the seller covering them, you generally have to have that cash ready out of pocket.
  • Amortization Schedule. As you become more advanced in your rental investment calculations, checking amortization schedules will become second nature for you. Amortization is essentially how long it will take to pay off the mortgage. The shorter the schedule, the more you have to pay per month, but the less in interest you pay over time, all else equal. Whether this makes your investment better or worse depends on some other factors.

Rental Property Investment Strategy

One of the reasons we build our rental income calculator is to help potential investors navigate the numbers before they pull the trigger. Strategy requires flexible planning, not just firing wildly.

That’s why we encourage you to learn how to use this calculator so you can value your rental property based on rental income.

There are quite a few options when it comes to picking your property investment strategy. For example, you can:

  • Invest primarily in single-family homes that need some rehab work
  • Invest in single-family homes that are almost ready to rent out instantly
  • Invest in multi-family deals – fewer deals, but larger, so easier to scale
  • Invest in build-to-rent projects, where you literally build the property to rent out
  • And more…

There are many strategies that work when it comes to investing in real estate. You just have to play with the numbers until you see which strategy makes the most sense for your situation.

How to Build an Income-Property Portfolio

Building your portfolio requires 3 basic steps:

  • Find your funding.
  • Find the deals.
  • Find your exit plan.

For your funding, you can start with personal savings, loans from family and friends, hard money loans, selling something you already own, refinancing your own home, etc. There are many ways to acquire funding, though some are much riskier than others.

For your deals, build relationships with real estate agents in the area you’re considering, pore over the MLS listings on websites like Trulia and Zillow, and consider reaching out directly to people who own properties you’d like to own. Deal flow is critical to real estate investment success.

How to Get Started

The best rental property calculator on the market is right here on this website. Scroll up, input the details of a deal you’re considering, and explore the options. It’s that simple.

Real estate investing might seem intimidating, but it’s not once you simply pull the trigger. Just make sure you do your homework first and make using this tool a basic part of your day until you know exactly what kind of deal you’re looking for… and what range of returns you’ll be receiving. Good luck!