Rental property calculator
Calculate rental property cash flow, NOI, cap rate, cash-on-cash return, and debt coverage. Adjust financing, vacancy, expenses, and reserves. Free, no signup.
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Estimate after repair value from three comparable sales. Use renovated properties similar to your subject, then explore how rehab costs affect an offer guideline. No signup required.
Example values are filled in to get you started. Results update as you change the inputs.
| Measure | Formula |
|---|---|
| Each comparable’s price per square foot | Comparable sale price ÷ comparable living area |
| Estimated ARV | Mean of the three comparable prices per sq ft × subject living area |
| Comparable-implied range | Lowest and highest comp price per sq ft × subject living area |
| Offer guideline | Estimated ARV × selected percentage − rehab − additional cost allowance |
Further reading: DealCheck: estimating ARV from sales comps and living area.
No. ARV estimates what the renovated property could sell for, based on comparable sales. Renovation costs do not necessarily increase market value dollar for dollar.
Not in this calculator. Comparable sales determine the ARV estimate. Rehab changes the offer guideline, which is a separate calculation.
Your rehab and additional costs exceed the selected share of estimated ARV. No positive purchase price fits those inputs. Review your assumptions rather than treating the result as an offer recommendation.
Calculate rental property cash flow, NOI, cap rate, cash-on-cash return, and debt coverage. Adjust financing, vacancy, expenses, and reserves. Free, no signup.
Open calculator →Use this free cap rate calculator to estimate net operating income and capitalization rate from property value, rent, vacancy, and operating expenses.
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