Run a rental property through the full investor analysis. Calculate net operating income, cap rate, monthly cash flow, cash-on-cash return, and gross rent multiplier. The complete picture for buy-and-hold investors.
Get a Rate Quote →Rental Cash Flow Calculator — Project monthly cash flow on an investment property after mortgage payment, property taxes, insurance, maintenance, vacancy, and management costs.
LendingStreet has structured $4.36B+ across 8,196 deals nationwide. NMLS #1734316 · 30+ capital sources · 50 states.
This is the more comprehensive version of our Cash-on-Cash Calculator. It calculates ALL the key rental property metrics — NOI, cap rate, cash-on-cash return, gross rent multiplier — so you can compare rental properties on every dimension.
Use this for buy-and-hold rental analysis, including BRRRR exits, DSCR-financed rentals, and conventional investment property deals.
Typical: 20-30% for DSCR loans
Origination + title + appraisal + escrow setup
Laundry, parking, storage, etc. (multifamily)
% of gross rent (typical: 8-10%)
% of gross rent (typical: 5-8%)
% of gross rent (typical: 5-8%)
% of gross rent for capital expenditures (roof, HVAC, etc.)
What hits your bank account each month after ALL expenses (mortgage, taxes, insurance, management, vacancy, maintenance, capex). Positive = profitable rental. Negative = losing money monthly.
Annual income minus annual operating expenses, EXCLUDING the mortgage. This is the property's earning power independent of how it's financed. Used to calculate cap rate.
NOI ÷ Purchase Price × 100. Measures the unleveraged return on the property. Compare cap rates between potential properties — higher is better. Typical: 5-8% in major markets, 8-12% in secondary/tertiary markets.
Annual cash flow ÷ Total cash invested × 100. Measures the return on YOUR money. The most honest metric for leveraged investments. Target: 8%+ for buy-and-hold rentals.
Purchase Price ÷ Annual Gross Rent. Quick screening tool — lower GRM = better deal. GRM of 8-10 is good, 12+ is rich for the income.
| Rule | Meaning | When It Works |
|---|---|---|
| 1% Rule | Monthly rent > 1% of purchase price | Cash flow markets (Midwest, South). Hard in CA/NY. |
| 50% Rule | Operating expenses ~ 50% of gross rent | Quick mental check before deeper analysis. |
| 2% Rule | Monthly rent > 2% of purchase price | Class C properties in distressed markets. Rare otherwise. |
| Cap Rate > 8% | Property returns >8% before financing | Investor markets. CA/NY/coastal won't qualify. |
Got a property that pencils out? LendingStreet finances rental properties with DSCR loans — qualify based on the property's rental income, not your tax returns. Up to 80% LTV. Close in 21-30 days. LLC borrowing supported.
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Cash flow is the money left after paying ALL expenses on a rental property — mortgage, property tax, insurance, management, vacancy, maintenance, and capital expenditures. Positive cash flow means the property pays you each month. Negative means you're paying to own it.
Cap rates vary by market. In major coastal markets (CA, NY, Boston), 4-6% is normal. In Midwest and Southern markets, 8-12% is achievable. Generally, higher cap rate = better cash flow but often higher risk. Compare to similar properties in the same market.
Cap rate measures return on the full purchase price (no leverage). Cash-on-cash return measures return on YOUR cash invested (down payment + closing). Cap rate is for property comparison; cash-on-cash is for evaluating leveraged investor returns.
NOI (Net Operating Income) = Annual Rental Income − Annual Operating Expenses. Operating expenses include property tax, insurance, management, vacancy, maintenance, capex reserves, and HOA — but NOT the mortgage. NOI is what the property earns regardless of financing.
Yes — always. Skipping vacancy and maintenance makes your cash flow look better than reality. Standard reserves: 5-8% vacancy, 5-8% maintenance, 5-8% capital expenditures. Properties always have unexpected expenses; budget for them upfront.