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123 Main St Rental Property Calculator
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Note that this is just a calculator for you to estimate the expenses and income from a property. These are most likely not going to be the EXACT numbers you see as there are many other factors when investing in real estate
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Property DetailsMonthlyYearly
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Street name123 Main StResults
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City, StateDenver, COTotal Cash Needed$42,250
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Zip80001Monthly Cash Flow($292)($3,498)
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MLS #000000Income$5,000 $60,000
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Purchase Price$650,000Expenses$5,292 $63,498
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Purchase Closing Cost (3%)$19,500
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Loan DetailsMonthlyYearly
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Down Payment (%)3.5%Househacking Test
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Down Payment ($)$22,750Current Rent/mortgage Payment$2,400 $28,800
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Loan Amount $627,250Cash flow($292)($3,498)
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Loan Interest Rate (%)6.0%Personal Utilities$300 $3,600
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Points by lender0%$0Savings$1,808 $21,702
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Loan Term (years)30Are you Living for Free??
no, move on to the next question
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Are you better off than your previous situation?yes, congrats!
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Rental Income
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Unit 1$3,000
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Unit 2$1,000
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Unit 3$1,000
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Unit 4$0
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Average Gross Monthly Income$5,000
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Average Gross Yearly Income$60,000
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Variable Expenses
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Repairs and Maintenance2%$100
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Capital Expenditures2%$100
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Management Fee0%$0
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Vacancy8%$400
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Fixed Landlord Expenses
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Electricity + gas$0
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Sewer + Water$0
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Wifi$0
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Garbage$0
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HOA$0
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Homeowner Insurance0.4%$217
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Flood Insurance$0$0
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Annual Property Taxes0.5%$244
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PMI0.9%$470
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Mortgage (PITI)MonthlyYearly
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Pincipal & Interest$3,761$45,128.17
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Taxes$244$2,925.00
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Insurance$687$8,245.25
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Total Payment (monthly)$4,692$56,298.42
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MonthlyYearly
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Total Expneses $5,292 $63,498
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Variable Expenses$600$7,200
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Fixed Expenses$0$0
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Mortage Payment$4,692$56,298
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