Rental Property Calculator
Annual Cost Analysis
Annual Cost Breakdown
Annual Cost Breakdown
Year | Annual Principal | Annual Interest | Annual Property Tax | Annual Insurance | Annual Maintenance | Annual Capex Allocation | Annual PMI | Annual HOA | Annual Utilities | Annual Other Costs | Annual Vacancy Cost | Annual Management Fee | Annual Down Payment Loan Costs | Annual Prepayment Penalties | Annual Refinance Costs | Annual Out of Pocket Capex Costs | Annual Range Costs | Annual Total |
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Cumulative Costs Over Time Horizon
Cumulative Costs Over Time Horizon
Cost Type | Amount |
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Monthly Cost Growth
Monthly Cost Growth Analysis
Year | Monthly Mortgage | Monthly Property Tax | Monthly Insurance | Monthly Maintenance | Monthly Capex Allocation | Monthly PMI | Monthly HOA | Monthly Utilities | Monthly Other Costs | Monthly Vacancy Costs | Monthly Management Costs | Monthly Down Payment Loan Costs | Monthly Prepayment Penalties | Monthly Upfront Refinance Costs | Monthly Out of Pocket Capex Costs | Monthly Range Costs | Monthly Total |
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Amortization Chart
Amortization Schedule
Date | Principal Paid | Interest Paid | Extra Payment | PMI | Remaining Balance |
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Tax Analysis Chart
Tax Analysis
Year | Mortgage Interest | Property Tax | SALT Deduction | Other Itemized Deductions | Total Itemized Deductions | Standard Deduction | Deduction Benefit | Tax Savings |
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Selling Costs Analysis
Capital Gains Tax Calculation Flow
Real Estate Investment Tracking
Real Estate Investment Yearly Performance
Real Estate Investment Tracking
Date | Beginning Balance | Monthly Contribution | Interest Earned | Ending Balance | Current Property Value | Remaining Loan | Ownership Value | Capex Balance | Down Payment Loan | Wealth Generated |
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Rental Income & Expenses Overview
Rental Income & Expenses Overview
Rental Cash Flow Analysis
Rental Income & Cash Flow Analysis
Year | Gross Rent Income | Rent Income After Vacancy | Operating Expenses | Mortgage | Down Payment Loan | Total Debt Service | Prepayment Penalties | Refinance Costs | Out of Pocket Capex Costs | Range Costs | Total Expenses | Before Tax Income (Year) | Tax on Rent Income | After Tax Income (Year) | Before Tax Income (Month) | After Tax Income (Month) |
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Rental Income Tax Analysis
Rental Income Tax Analysis
Rental Income Tax Analysis
Year | Gross Rent Income | Rent Income After Vacancy | Tax Deductible Mortgage Costs | Tax Deductible Operating Expenses | Prepayment Penalties | Refinancing Cost Deductions | Down Payment Loan Interest | Tax Deductible Range Costs | Property Depreciation | CapEx Depreciation | Total Depreciation | Total Tax Deductions | Tax Deductions Claimed | Passive Loss | Accumulated Passive Loss | Applied Passive Loss | Remaining Passive Loss | Taxable Rent Income | Tax on Rent Income | After Tax Gross Rent Income |
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Total Depreciation Breakdown
Total Depreciation Breakdown
Year | Property Depreciation | Capex Depreciation | Total Depreciation |
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Capex Depreciation Breakdown
Capex Depreciation Breakdown
Capex Depreciation Breakdown
Year | 5 Year Items | 7 Year Items | 15 Year Items | 27.5 Year Items | 39 Year Items | Total |
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Standard Depreciation Vs Cost Segregation Depreciation
Standard Depreciation Vs Cost Segregation Depreciation
Standard Depreciation Vs Cost Segregation Depreciation
Year | Standard Depreciation | Cost Segregation Depreciation | Difference | Tax Savings |
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Cost Segregation Depreciation Breakdown
Cost Segregation Depreciation Breakdown
Cost Segregation Depreciation Breakdown
Cash on Cash Return Analysis
Cash on Cash Return Analysis
Cash on Cash Return Analysis
Year | Total Rent Income | Total Expenses | Cash Flow | Initial Cash Invested | Cash on Cash Return (Initial Cash Invested) | Cumulative Cash on Cash Return | Total Cash Invested | Cash on Cash Return (Total Cash Invested) |
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Cap Rate Analysis
Cap Rate Analysis
Cap Rate Analysis
Year | Total Rent Income | Total Operating Expenses | Net Operating Income | Current Property Value | Cap Rate (Current Property Value) | Cap Rate (Purchase Price) |
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Gross Rent Multiplier Analysis
Gross Rent Multiplier Analysis
Gross Rent Multiplier Analysis
Year | Total Rent Income | Current Property Price | GRM (Current Property Value) | GRM (Purchase Price) |
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Debt Service Coverage Ratio Analysis
Annual DSCR Analysis
Year | Net Operating Income | Mortgage Balance | Down Payment Loan | Total Debt | DSCR |
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NPV Analysis by Discount Rate
NPV Analysis
Discount Rate (%) | Net Present Value (NPV) |
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Approximate IRR:
Run IRR Matrix Simulation
IRR Matrix Over Time
IRR Matrix (If Sold Each Year)
Year | Property Value | Mortgage Balance | Down Payment Loan Balance | Equity Ownership Value | Annual Cash Flow | Net Proceeds If Sold | Total Cash Return | Initial Investment | IRR |
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Run Rent Breakdown Analysis
Tenant Rent Breakdown Over Time
Tenant Rent Component Breakdown
Rent Breakdown Over Time
Run Cost Breakdown Analysis
Cost Breakdown Over Time
Cost Component Breakdown
Cost Breakdown Over Time (By Linked Unit)
Cost Type Breakdown Over Time
Cost Type Component Breakdown
Cost Breakdown Over Time (By Cost Type)
Loan to Value Ratio Tracking
Loan to Value Ratio Tracking
Date | Remaining Loan Amount | Current Property Value | LTV (Purchase Price) | LTV (Current Value) |
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Down Payment Loan Amortization
Down Payment Loan Amortization Schedule
Date | Principal Payment | Interest Payment | Balloon Payment | Remaining Balance |
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CapEx Account Growth
Capex Account Breakdown
Date | Beginning Balance | Monthly Contribution | Monthly Interest | Balance Before Capex | Current Month Capex | Covered Capex Costs | Out of Pocket Capex | Ending Balance |
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Alternative Investment Tracking
Alternative Investment Yearly Performance
Alternative Investment Tracking
Date | Beginning Balance | Interest Earned | Monthly Contributions | Ending Balance |
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Investment Comparison Chart
Annual Investment Comparison Chart
Investment Comparison Analysis
Month | Real Estate Wealth | Alternative Investment | Difference |
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Offer Price Analysis - Cashflow
Description | Amount |
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Monthly Rent Income | $0 |
Monthly Rent Income After Vacancy | $0 |
Monthly Operating Expenses | $0 |
Current Monthly Mortgage Payment | $0 |
Total Monthly Costs | $0 |
Current Monthly Cash Flow | $0 |
Expected Monthly Cash Flow | $0 |
Available amount for Mortgage Payment | $0 |
Suggested Offer Price | $0 |
Offer Price Analysis - Cash on Cash Return
Description | Amount |
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Monthly Rent Income | $0 |
Monthly Rent Income After Vacancy | $0 |
Monthly Operating Expenses | $0 |
Current Monthly Mortgage Payment | $0 |
Total Monthly Costs | $0 |
Current Monthly Cash Flow | $0 |
Expected Monthly Cash Flow | $0 |
Available amount for Mortgage Payment | $0 |
Suggested Offer Price | $0 |
- Tip 1: If your mortgage interest rate is higher than the interest rate you can earn from low-risk investment options, like certificates of deposit (CDs), it’s generally better to make extra mortgage payments rather than investing.
This approach results in a net positive interest benefit, as the amount you save on mortgage interest will likely outweigh the interest you would earn through investing in CDs or similar low-risk options. - Tip 2: If your mortgage interest rate is lower than the interest rate you can earn from low-risk investments like CDs and your down payment is less than 20%, it’s important to consider Private Mortgage Insurance (PMI) before deciding to invest.
Extra payments can help you reach 20% equity faster, allowing you to request the cancellation of PMI earlier.
Use our calculator to compare the total amount of PMI you’ll pay with and without extra payments. The calculator will also show how much interest you’ll save by making extra payments.
After that, use our savings calculator to check the interest you could earn after taxes (since the interest earned on CDs is taxable) by investing your extra payments in a CD ladder or other low-risk investment options.
Finally, compare the combined savings from PMI cancellation and reduced mortgage interest against the interest you would earn from investments to determine whether making extra payments or investing in CDs is the better option. - Tip 3: If your mortgage interest rate is lower than the interest rate you can earn from low-risk investments like CDs and your down payment is more than 20%, it is often better to invest the extra payments in CDs, CD ladders or other low-risk investment options.
In this case, you’ll likely earn a better return on your money through interest from CDs while continuing to make your regular mortgage payments. - Tip 4: When considering investing the funds that could be used for extra mortgage payments, it’s generally recommended to opt for low-risk options. This is because these funds might need to be used for extra payments on your mortgage, and high-risk investments can lead to potential losses.
CDs are low-risk investment options since they are FDIC-insured up to $250,000 per depositor, which means the risk of losing your money is extremely low.
CD laddering is a strategy where you divide your investment across multiple CDs with different maturity dates. This allows you to access funds more regularly as each CD matures at staggered intervals, reducing the need to close a long-term CD early, thereby avoiding potential penalties.
If savings interest rates drop below your mortgage interest rate, you can use the money from maturing CDs to make extra mortgage payments. - Tip 5: PMI (Private Mortgage Insurance) is automatically canceled when your loan-to-value (LTV) ratio reaches 78%, as long as you're up to date with payments. You don’t have to wait for automatic cancellation. You can request PMI cancellation earlier, once your LTV reaches 80%. This can save you money on unnecessary PMI payments.
Our mortgage calculator shows the estimated PMI stop date, giving you a clearer picture of when you could reach 80% LTV based on your current payments. This allows you to see when you might be eligible to request PMI cancellation, potentially saving you money before the automatic cancellation at 78% LTV.
Additionally, if your Property's value has appreciated, you may reach 20% equity sooner than expected. In this case, you might need to request a property appraisal to verify the increased value before requesting PMI cancellation. - Tip 6: When considering how much you save by making extra mortgage payments, it's important to factor in the concept of opportunity cost. Here’s how you can think about it:
Compare Savings vs. Investment Returns:
Suppose you make $100 in extra payments toward your mortgage each month. While this reduces the interest you pay on your mortgage, you should also consider how much you could have earned by investing that same $100.
To do this, calculate how much you would earn from investing $100 monthly in a low-risk investment option (like a CD or high-yield savings account). Use our savings calculator to estimate the after-tax interest earnings of this investment.
Then, compare the after-tax interest earnings with the amount of interest saved on your mortgage due to extra payments. This will give you a clearer picture of how much you’re truly saving by making extra payments.
Spending Habits Matter: This comparison assumes that you would otherwise invest the money that could have gone toward extra payments. However, if you tend to spend that extra money on other expenses (instead of saving or investing it), the interest saved on your mortgage (as displayed in the calculator) is the actual amount you’re saving.
Tax Considerations: Don’t forget that interest earned on investments like CDs is taxable, so always compare the after-tax returns of investments with the mortgage interest savings. - Tip 7: Accelerated bi-weekly payments can help shorten your loan term and reduce the total interest you pay, as shown in our calculator. However, many banks may charge additional fees to set up an accelerated bi-weekly payment plan.
If you'd like to avoid these fees, you can achieve a similar effect manually by making extra payments each month. Here’s how:
Take your monthly mortgage payment (for example, $2400) and divide it by 12. In this case, that equals $200.
By making an extra payment of $200 each month in addition to your regular mortgage payment, you will essentially make the equivalent of one full extra payment each year. This approach is similar to accelerated bi-weekly payments, as it reduces the principal balance faster and saves you interest over the life of the loan, though it’s not exactly the same.
Note: While this manual method offers similar benefits, the precise interest savings and reduction in loan term may differ slightly from a true bi-weekly plan, where you make 26 half-payments per year (equivalent to 13 full payments). - Tip 8: Itemizing Deductions: Mortgage interest can only be deducted on your tax return if you choose to itemize your deductions rather than taking the standard deduction. This is beneficial only if your itemized deductions (including mortgage interest, property taxes, state and local taxes (SALT), charitable donations, medical expenses exceeding 7.5% of your adjusted gross income (AGI), and qualified education expenses, among others) are higher than the standard deduction.
Standard Deduction Limits: For 2024, the standard deduction is:
$13,850 for single filers,
$27,700 for married couples filing jointly, and
$20,800 for head of households.
You should compare the total of your itemized deductions with these amounts to decide whether itemizing is more advantageous.
You can check the stacked column chart or monthly breakdown table in our calculator to get an idea of how much interest you will pay each year, helping you estimate potential deductions.
Loan Limits for Mortgage Interest Deduction: As of 2024, you can deduct interest on mortgage loans up to $750,000 if you are a single filer or married filing jointly. If you are married filing separately, the limit is $375,000. This applies to loans taken out after December 15, 2017. For loans taken out before that date, the limit is $1 million (or $500,000 for married filing separately). Interest on loans above these limits is not deductible.
Consult Updated Tax Rules: These tax rules can change over time, so be sure to check the IRS guidelines or consult a tax professional for the latest rules and limits for the year you are filing.
Other Important Considerations: You can also deduct points paid on a mortgage (in some cases) which may further increase the value of itemizing. - Disclaimer: The information and tips provided in this real estate investment calculator are intended for general informational purposes only and should not be considered as financial, tax, or legal advice. While we strive to provide accurate and up-to-date information, individual circumstances can vary, and certain rules or rates may change over time.
Before making any decisions regarding your mortgage, extra payments, Private Mortgage Insurance (PMI) cancellation, investments, or any other financial decision, we strongly recommend consulting a qualified financial advisor, tax professional, or legal expert to understand how these tips apply to your specific situation.
The mortgage calculator results are estimates and should be used as a guide, not a guarantee of actual savings. The impact of extra payments, interest savings, and investment returns can vary based on market conditions, tax laws, and individual financial circumstances.
By using this calculator, you agree that the creators of this tool are not responsible for any decisions you make based on the information provided.
Real Estate Investment Calculator Disclaimer
Purpose and Limitations
This real estate investment calculator is provided solely for informational and educational purposes. The results, analyses, projections, tips, insights, and general information generated are estimates based on the data you input and should not be construed as financial, tax, legal, or investment advice. Any accompanying tips, insights, educational content, or general information are for informational purposes only and do not constitute personalized professional guidance.
Information and Advice Disclaimer
- The informational content provided is general in nature and not tailored to individual financial circumstances.
- Tips, insights, and educational materials should not be considered definitive financial advice.
- Users are strictly cautioned against making investment decisions based solely on the calculator's information or accompanying content.
- The relevance, accuracy, and applicability of provided information may vary significantly based on individual situations.
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- All calculations and uploaded content are processed and stored locally on your device.
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- Users are responsible for ensuring they have the right to use and store any uploaded property images.
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Key Disclaimer Provisions
Accuracy and Reliability
- The calculator provides approximations and simplified models of complex financial scenarios.
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Financial Complexity
- The tool cannot capture all nuanced factors affecting real estate and alternative investments.
- Market conditions, economic shifts, local regulations, and individual property characteristics are not fully represented.
- Tax laws, depreciation rules, and investment strategies change frequently and may invalidate historical projections.
Investment Risks
Real estate and alternative investments carry inherent risks, including:
- Market value fluctuations
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Users are strongly advised to consult with:
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Professional consultation is crucial to interpreting and applying the calculator's results and accompanying informational content to your specific circumstances.
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- The accuracy of results depends entirely on the user's input.
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By using this calculator, users acknowledge and agree that:
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Last Updated: February 2025