Landlord tools · Free

Underwrite the deal, not just the payment.

A mortgage calculator built for landlords: real cash flow after vacancy and expenses, DSCR, cap rate, cash-on-cash, break-even rent, and a 30-year equity projection — updated live as you type, exportable as a PDF.

Purchase & loan

Down payment $87,500 · Loan $262,500 · Total cash to close $98,000

Rental income

Parking, laundry, storage, pet rent count as other income. 5–8% vacancy is a common underwriting assumption; check your market.

Operating expenses

Percentages apply to collected rent. Self-managing? Set management to 0 — but most lenders underwrite with 8–10% anyway. CapEx covers roofs, HVAC, and appliances so they don’t surprise you.

Growth assumptions
Equity (with appreciation)Loan balance
$225k$450k$675k$901k5y10y15y20y25y30y
Year-by-year amortization & cash flow
YearPrincipalInterestBalanceEquityCash flowCumulative CF
1$2,667$18,291$259,834$100,667-$2,102-$2,102
2$2,859$18,098$256,974$114,341-$1,373-$3,475
3$3,066$17,891$253,908$128,546-$622-$4,097
4$3,288$17,669$250,621$143,307$151-$3,946
5$3,525$17,432$247,095$158,651$948-$2,998
6$3,780$17,177$243,315$174,603$1,769-$1,229
7$4,053$16,904$239,262$191,194$2,614$1,385
8$4,346$16,611$234,916$208,454$3,485$4,870
9$4,661$16,296$230,255$226,416$4,382$9,252
10$4,997$15,960$225,258$245,113$5,305$14,557
11$5,359$15,598$219,899$264,583$6,257$20,814
12$5,746$15,211$214,153$284,864$7,237$28,050
13$6,162$14,795$207,991$305,996$8,246$36,296
14$6,607$14,350$201,384$328,022$9,285$45,581
15$7,085$13,872$194,300$350,989$10,356$55,937
16$7,597$13,360$186,703$374,944$11,459$67,397
17$8,146$12,811$178,557$399,940$12,595$79,992
18$8,735$12,222$169,822$426,029$13,765$93,757
19$9,366$11,591$160,456$453,271$14,970$108,727
20$10,043$10,914$150,413$481,726$16,212$124,939
21$10,769$10,188$139,643$511,460$17,490$142,429
22$11,548$9,409$128,096$542,541$18,807$161,236
23$12,383$8,574$115,713$575,042$20,163$181,399
24$13,278$7,679$102,435$609,043$21,561$202,960
25$14,238$6,719$88,198$644,625$23,000$225,959
26$15,267$5,690$72,931$681,876$24,482$250,441
27$16,370$4,587$56,560$720,891$26,008$276,450
28$17,554$3,403$39,006$761,768$27,581$304,031
29$18,823$2,134$20,184$804,614$29,201$333,231
30$20,184$773$0$849,542$30,869$364,100

Rental mortgage questions, answered.

How is this different from a normal mortgage calculator?

A normal calculator stops at principal, interest, taxes, and insurance. This one underwrites the property like an investor: rental income minus vacancy, management, maintenance, and capital-expenditure reserves gives you NOI; then it computes true monthly cash flow after debt service, DSCR, cap rate, cash-on-cash return, break-even rent, and a year-by-year equity projection with appreciation and rent growth.

What is DSCR and why does it matter?

Debt Service Coverage Ratio = net operating income ÷ loan payments. It's the number DSCR and portfolio lenders actually underwrite on — most want at least 1.20–1.25. Below 1.0 the rent doesn't cover the mortgage. The calculator color-codes your DSCR so you know how a lender would see the deal.

What's a good cash-on-cash return for a rental?

Cash-on-cash = annual pre-tax cash flow ÷ total cash invested (down payment + closing costs). Many buy-and-hold investors target 6–10%; appreciation, loan paydown, and tax benefits come on top. The calculator shows it live as you adjust the deal.

What is the 1% rule?

A quick screen: monthly rent should be about 1% of the purchase price for a deal to cash-flow easily. Few properties hit it in expensive markets — it's a filter, not a verdict. The calculator shows your ratio and the break-even rent, which is more precise.

Does it handle PMI and extra payments?

Yes. Enter a PMI rate for sub-20% down and it charges PMI only until the balance amortizes to 78% of the price — the drop month is shown. Extra monthly principal shortens the payoff and shows the total interest saved.

Can I save or share the analysis?

Download the full analysis as a PDF — purchase and loan summary, payment breakdown, income and expenses, all metrics with plain-English interpretation, and a projection table. Label it with the property address and share it with partners or your lender.