Rental Property Analysis
Calculator

Enter the purchase price, rent, number of units, expected occupancy, operating expenses, and purchase and financing details. Select Calculate Property Performance to see estimated cash flow, NOI, cap rate, cash-on-cash return, DSCR, break-even occupancy, GRM, and gross rental yield.

Enter the expected monthly rent for one unit before expenses. The calculator uses the monthly rent per unit and number of units to estimate the property's scheduled rental income.

Number of Units tells the calculator how many rental units are included in the analysis. For a single-family rental, enter 1. For a multifamily property, enter the number of units being analyzed.

Expected occupancy is the estimated percentage of time the units are occupied and producing rent. For example, 95% occupancy allows for some vacancy in the income estimate. It is an assumption, not a prediction of actual occupancy.

Enter additional recurring monthly property income beyond rent, if applicable. Examples may include fees or other income associated with the property. Do not enter one-time income as recurring monthly income.

It is the calculator’s estimate of annual rental income after applying expected occupancy, plus any other monthly income included in the calculation. It is an income estimate before operating expenses and financing costs are deducted.

Enter the expense amount and select the period that matches it: /MO for a monthly amount or /YR for an annual amount. You do not need to convert annual expenses to monthly amounts. For percentage-based fields, enter the rate using the % option.

For each field, choose a percentage or dollar amount. The calculator identifies the percentage basis as collected rental income. If you choose dollars, enter the estimated monthly amount.

Enter the relevant monthly costs shown in the calculator: property taxes, other property assessments, insurance, property management, repairs and maintenance, HOA or association fees, owner-paid utilities, other operating expenses, and a CapEx reserve.

A capital expenditure reserve is a monthly amount set aside for larger, less frequent costs such as replacing a roof, HVAC system, or major appliance. It is a planning allowance, not a prediction of when a repair will occur or what it will cost.

NOI is the property's annual effective income minus the operating costs included in the calculator. It is calculated before annual debt service. The calculator's assumptions explain how expenses and income are treated.

NOI measures property income after operating costs but before loan payments. Cash flow also accounts for the modeled debt service and the cash-flow assumptions entered in the calculator.

Monthly Pre-Tax Cash Flow is the estimated amount remaining per month after the costs included in the calculation. Annual Pre-Tax Cash Flow is the corresponding annual estimate. Neither figure is after income taxes, and actual results may differ.

As noted in the calculator assumptions, cap rate uses annual NOI divided by purchase price. It helps compare a property's operating income with its price, but does not reflect the effect of financing.

Cash-on-cash return compares annual pre-tax cash flow with the total cash invested as defined by the calculator. The down payment and other upfront costs entered may affect the estimated cash invested. Review the calculator assumptions when comparing properties.

Debt-service coverage ratio (DSCR) compares annual NOI with annual debt service. As stated in the calculator assumptions, it is calculated using annual NOI divided by annual debt service. Lenders may use different calculations and qualification standards.

It estimates the occupancy level needed for rental income to cover the expenses and debt service included in the calculation. If the estimated break-even occupancy is above 100%, the modeled income would not cover those costs even at full occupancy.

Gross Rent Multiplier (GRM) compares purchase price with gross annual rent. Gross Rental Yield compares annual gross rent with purchase price, usually as a percentage. Both are quick comparison measures and do not show net profit after expenses and financing.

Purchase type, down payment, loan amount, interest rate, and loan term affect the modeled debt service and cash invested. The estimate is based on the details entered and is not a loan quote or financing approval.

These fields capture estimated cash needed beyond the down payment. Closing costs may be entered as a percentage or dollar amount. Repairs and improvements are estimated project costs; initial cash reserve is money set aside after purchase; and other upfront costs are additional acquisition expenses not captured elsewhere.

Property taxes, insurance, assessments, HOA or association fees, maintenance, utilities, and vacancy can all affect returns. Costs and rental requirements vary by property, municipality, and association across Broward and Miami-Dade counties.

No. The results are estimates based on the information and assumptions entered. They are not a property valuation, financing approval, tax or legal opinion, service quote, or guarantee of rental income or investment performance.

Include the costs you expect to pay as the owner, such as property taxes, insurance, HOA fees, utilities, maintenance, and other operating expenses. Enter each amount using the period shown beside the field. If you do not know an exact amount, use a reasonable estimate and update it when you have a tax record, insurance quote, or association budget. The CapEx reserve is entered separately and reduces estimated cash flow, but is excluded from NOI.

ACCRIVE focuses on rental properties in Broward and Miami-Dade. To discuss a specific property and its management needs, use the Free Rental Analysis form and share the property location, expected income, expenses, and services you are considering.