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Model cash flow and returns before you buy

Cash flow, equity paydown, appreciation, and simplified tax effects. Results are illustrative only and are not financial, tax, or lending advice.

Property

Purchase price

$400,000

$100,000

$2,000,000

Down payment

20%

5%

40%

Monthly rent

$3,000

$500

$10,000

Mortgage

Interest rate

6.0%

3.0%

12.0%

Loan term

30 yr

10 yr

30 yr

Expenses

Property tax (annual)

1.0% of value

0.3% of value

3.0% of value

Insurance (monthly)

$100

$40

$500

Maintenance (annual)

1.0% of value

0.5% of value

3.0% of value

Vacancy rate

4.0%

0.0%

15.0%

Growth

Annual appreciation

3.0%/yr

0.0%/yr

8.0%/yr

Rent growth

2.0%/yr

0.0%/yr

6.0%/yr

Tax assumptions

Marginal income tax rate

32%

10%

50%

Building value (% of price)

80% (land = 20%)

50% (land = 50%)

90% (land = 10%)

Refinance

Mortgage refinancing

Lower your monthly payment — refinancing to a better rate can meaningfully improve your cash flow month over month.

Doorstead partners with Lima One Capital for investor lending. Offers subject to credit and program guidelines.

Monthly snapshot

Monthly mortgage

$1,919

$320,000 financed

Monthly cash flow

$195

$2,337 / year (pre-tax)

Monthly breakdown

$3,000 gross rent

Mortgage P&I

-$1,919


Property tax

-$333


Insurance

-$100


Maintenance

-$333


Vacancy loss

-$120

Net cash flow

$195

Operating metrics

Cap rate

6.34%

NOI / purchase price

Gross rent mult.

11.1x

Price / annual rent

DSCR

1.10

Below 1.25 threshold

Break-even occupancy

89.5%

Occupancy to cover mortgage + operating

Full return stack (year 1, on cash invested)

Cash-on-cash

$2,337/yr

2.92%

Equity paydown (principal from rent)

$3,930/yr

4.91%

Appreciation (leveraged)

$12,000/yr

15.00%

Total pre-tax return

$18,267/yr

22.83%

Net tax benefit (after-tax adj.)

$1,718/yr

2.15%

Total after-tax return

$19,985/yr

24.98%

Pre-tax total

22.83%

After-tax total

24.98%

CoC (pre-tax)

2.92%

Tax benefits (Schedule E, year 1)

Annual deductions

Mortgage interest

$19,093

Property tax

$4,000

Insurance

$1,200

Maintenance / repairs

$4,000

Depreciation ($320,000 ÷ 27.5 yrs)

$11,636

Total deductions

$39,929

Taxable rental income

-$5,369

Net tax benefit (32% marginal rate)

$1,718

After-tax cash flow

$338/mo

$4,055/yr

After-tax CoC

5.07%

vs 2.92% pre-tax

10-year projection

Loading...

Equity at year 10

$269,772

$80,000 invested

After-tax CF (10yr cumul.)

$68,369

Pre-tax cumulative CF plus tax benefit × years (simplified)

How to internalize

You are building wealth through:

  • Property appreciation
  • Principal paydown
  • Tax deductions

Rental investment calculator: model returns before you buy

Doorstead's rental investment calculator models the full economics of a rental property before you make an offer. Enter purchase price, down payment, mortgage rate, and expected rent, and the tool returns monthly cash flow, cap rate, cash-on-cash return, DSCR, and a 10-year equity projection. Unlike a basic rental property calculator that stops at gross income minus expenses, this one breaks out the full return stack — appreciation, principal paydown, and Schedule E tax benefits — so you can compare pre-tax and after-tax returns in one view.

Free rent calculator for landlords and investors

If you're trying to figure out what to charge, the same tool works as a rent calculator. Plug in your mortgage, property taxes, insurance, maintenance, and vacancy assumptions, and you'll see the rent level required to hit break-even occupancy or a specific cash-on-cash target. It's a useful sanity check before you list, especially in markets where rent growth has slowed and small pricing mistakes compound across a 12-month lease.

Get a market-specific rental estimate for your address

For a rental estimate tied to your actual address, run a free rent estimate alongside the calculator. The rental estimate uses local comps, seasonality, and property-level attributes that a generic rent calculator can't see, giving you a defensible asking price instead of a guess. Combining the two means your investment model is built on a realistic rent number — not optimistic inputs that make a marginal deal look better than it is.

What makes this rental property calculator different

Most rental property investment calculators online stop at year-one cash flow, which misses where wealth actually compounds: equity buildup, leveraged appreciation, and depreciation deductions on Schedule E. Doorstead's calculator surfaces all three, projects them across a 10-year hold, and lets you stress-test interest rate, vacancy, and rent growth assumptions — so you can decide whether a deal pencils before you commit capital or hand it off to a property manager.

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