Long-term rental deal analyzer

This is the same analysis I run on every rental before I'd buy it. Plug in the price, rents and taxes and you'll see NOI, DSCR, cash flow and cash-on-cash return, plus my honest rating. It's built for long-term rentals only, not Airbnbs.

The property

Address or MLS number (optional)

Purchase price ($)

Number of units

Monthly long-term rent per unit ($)

Annual property taxes ($)

Use the actual tax bills.

Interest rate (%)

Ask your lender for today's 30-year investment property rate.

Down payment

Landlord-paid utilities ($/yr)

Water, gas, electric you pay.

Immediate repairs ($)

Other expenses ($/yr)

Change default assumptions

Vacancy (% of rent)

Management (% of rent)

Maintenance (% of rent)

Closing costs (% of price)

Insurance ($/unit/yr)

CapEx reserve ($/unit/yr)

Rent increase after year 1 (%)

DSCR target

Estimates only, not legal, tax, lending or financial advice. Nothing you enter here is saved unless you ask for the full report.

Fill in the price, rents, taxes and interest rate, then hit Analyze this deal.

How I use this

I don't buy anything unless it hits at least a 1.20 DSCR at a conservative rent, and I'd rather see real cash flow than a projection that only works if everything goes right. If a deal is borderline here, it usually doesn't get better once you see the inside of the building.

The defaults (25% down, 5% vacancy, 5% management, 5% maintenance, $500 per unit for insurance and the same for CapEx, 3.5% closing costs) are what I use on Buffalo rentals. Change them if your situation is different.

Want me to look at a specific property? Send it to me. Also see my investor guide and how I work with investors.