Income Property Calculator
See what a property earns, how financing affects cash flow, and the value supported by your selected cap rate. Enter amounts for the same first 12 months, in U.S. dollars.
Enter your property figures below. Use 0 for costs that do not apply, or load the illustrative example.
Income, costs and financing
How the calculations work
NOI = effective gross income less operating expenses. Debt payments, capital costs, reserves, depreciation and income taxes are excluded from NOI.
Cap rate = annual NOI ÷ purchase price. Cash-on-cash return = annual cash flow after debt and the capital/reserve allowance ÷ initial cash invested. DSCR = NOI ÷ annual loan payments.
Initial cash includes the down payment, closing costs, loan fee, immediate repairs/tenant costs and initial reserves. Value at selected cap rate = NOI ÷ selected cap rate.
Scheduled rent should reflect the annual contractual rent. Subtract known downtime and concessions once. The additional collection-loss percentage applies to scheduled base rent only. Reimbursements must already reflect expected collection losses; enter the corresponding landlord-paid expenses in full.
The loan uses fixed-rate monthly principal-and-interest payments at month-end. The remaining balance is due at maturity. This one-year screen does not model interest-only loans, floating rates, refinancing, sale proceeds, taxes or IRR. It uses annual rent-roll totals, not lease-by-lease forecasts.
Estimates are for preliminary evaluation, not an appraisal or lending commitment. Confirm leases, expenses, property condition, market comparables and lender terms. Targets are investor-selected screening criteria. Values are not saved by this calculator; print or save a PDF before leaving.