Rental property calculator

Как пользоваться: Rental property calculator

Что считает и когда использовать

Evaluate a buy-to-let или investment property by cash flow, cap Ставка, cash-on-cash return, debt Расход и the Итого return if you sell after a holding Период.

Как пользоваться, шаг за шагом

1. Enter the Цена, Первоначальный взнос Процент и mortgage terms.
2. Enter Ежемесячно rent, expected empty periods и running costs.
3. Add rent и price growth assumptions, how long you will hold it и the cost selling.
4. Check cash flow first, then cap Ставка, cash-on-cash и IRR.

Что означает каждое поле

• Rent За Пн-й – Gross rent before costs.
• Empty periods – Доля от rent lost до gaps between tenants.
• Налог и charges, insurance – Ежегодно property costs.
• Management и repairs – Процент rent set aside за agents, maintenance и repairs.
• Growth rates – Ежегодно rent и Цена increases.

Как читать результаты

• Cash flow – Net operating income minus mortgage payments.
• Cap Ставка – Net operating income ÷ Цена.
• Cash-on-cash return – First-year cash flow ÷ cash Вложено.
• Debt Расход Отношение – Net operating income ÷ Ежегодно mortgage payments. Lenders often want 1.25 или more.
• IRR – The Ежегодно return counting cash flows и the final sale.

Формула

NOI = rent × 12 × (1 − empty Доля) − Налог − insurance − management. Cap Ставка = NOI ÷ Цена. Cash flow = NOI − mortgage payments. Cash-on-cash = cash flow ÷ (Первоначальный взнос + buying costs). IRR — the rate that makes the present value от all yearly cash flows, including the sale, equal до zero.

Пример расчёта

A 250,000 property with 25% down По 6.5%, rented at 1,500 a month. NOI — 11,800, giving a cap rate 4.72%. The mortgage — 1,266.01 a month, so cash flow — about −283 a month, debt coverage is 0.78 и the first-year cash-on-cash return — −4.85%. Grow-й и от the sale lift the 10-year IRR до about 7.6%.

Допущения и ограничения

• Fixed costs rise 2% в год в the projection.
• Налог on rental income и gains — excluded и can change the result a lot.
• The loan — repaid и the property sold at the end the holding period.

Частые ошибки

• Ignoring empty periods и repairs.
• Judging a deal by the cap Ставка alone without checking the mortgage.
• Assuming rent и Цена growth continue forever.

Частые вопросы

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