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Rental Property Analysis

The core performance picture for a property you already own. Estimates are fine — precision matters less than getting oriented.

Property
Income
Annual operating expenses

Enter annual amounts. Leave anything you don't pay at zero.

Financing

Estimated equity

$1,500,000

Current value minus loan balance.

Net operating income

$35,840

Effective gross income minus operating expenses. Excludes debt service, income taxes and depreciation.

Operating return on equity

2.39%

NOI divided by equity. What the capital in the property is producing before financing.

Cash return on equity

2.39%

Pre-tax cash flow divided by equity. What lands in your pocket relative to the capital tied up.

Annual gross scheduled rent
$54,000
Effective gross rental income
$51,840
Total operating expenses
$16,000
Cap rate
2.39%
Annual debt service
$0
Annual pre-tax cash flow
$35,840

This property is free and clear, so debt service is zero. That means your cash return and your operating return on equity are the same number — every dollar of value is unleveraged capital.

This becomes your baseline. Now you have something concrete to compare with other options — not a verdict about whether the property is good or bad.

Important: These calculations are for general educational and planning purposes only. They aren't an appraisal, tax calculation, legal opinion, investment recommendation or guarantee of results. Tax basis, depreciation, exchange eligibility and tax consequences can vary substantially based on individual facts. Review your specific situation with your CPA, attorney, qualified intermediary and other appropriate professionals before acting.

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What the calculator can't measure.

Deferred maintenance you've been putting off. A tenant relationship you value. How you'd feel about a 1031 exchange timeline. Those belong in the conversation too.