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Analyze rental property returns — cap rate, cash-on-cash yield, NOI, and monthly cash flow.
Monthly Cash Flow
-$573
-$6,874 annually · Negative cash flow — review expenses
Performance Benchmarks
Cap Rate
4.42%
Cash-on-Cash Return
-8.54%
Cash Flow
-$573/mo
Net Operating Income (Annual)
$15,480
After vacancy loss and operating expenses, before mortgage
Gross Yield
7.54%
Gross Rent Multiplier
13.3x
Monthly Mortgage
$1,863
Annual Vacancy Loss
$1,320
Total Cash Invested
$80,500
Annual Gross Rent
$26,400
Note
This analysis excludes appreciation, depreciation tax benefits, and principal paydown. Total returns on rental property typically exceed cash flow alone.
Rental Property ROI Calculator computes NOI as effective gross income (rent × (1 − vacancy)) minus operating expenses, derives cap rate = NOI/price, cash-on-cash = annual cash flow / (down payment + 3% closing costs), and GRM = price / annual rent.
Rental Property ROI Calculator is a high-performance utility designed to help users streamline their workflow. Built with modern web technologies, it ensures fast processing times and high-quality outputs directly in your browser.
Effective gross income = monthly rent × 12 × (1 − vacancy/100). NOI = EGI − annual operating expenses. Cap rate = NOI / purchase price × 100. Monthly mortgage = PMT formula. Cash flow = (NOI − annual mortgage) / 12. Cash-on-cash = annual cash flow / (down payment + price × 0.03). GRM = price / (rent × 12). Closing costs estimated at 3% — actual costs vary by location.
Cap rate = NOI / property value. A cap rate of 4–8% is generally considered good for rental property. Urban markets typically see 4–5% cap rates; suburban/rural markets often see 6–10%. Lower cap rates imply higher-priced markets.
Cash-on-cash return = annual cash flow after mortgage / total cash invested (down payment + closing costs). A 5–10% cash-on-cash return is considered decent. Unlike cap rate, it accounts for financing.
NOI = effective gross income − operating expenses (excluding mortgage). It measures the property's profitability before debt service and is used to calculate cap rate. A positive NOI means the property covers its expenses from rent income.
This calculator focuses on cash flow metrics. Don't rely on appreciation — buy properties that cash flow from day one. Appreciation is a bonus, not a strategy. Markets where cash flow is negative require betting on appreciation, which adds significant risk.
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