Financial workbench
The carrying cost, with the principal left out of NOI.
Amortizing mortgage, including a zero-interest case. Taxes, insurance, HOA, maintenance, vacancy, management, and reserves. Long-term rent or paid nights. Cap rate, cash-on-cash, breakeven, and a rate-occupancy table. Buy-now versus wait is an educational scenario, not a forecast.
- Monthly principal and interest
- $4,513
- Monthly housing carry
- $6,196
- NOI, annual
- $29,083
- Debt service, annual
- $54,157
- Cash flow after debt
- −$25,074
- Cap rate
- 3.2%
- Cash on cash
- -12.1%
- Initial cash
- $207,000
- Breakeven rent
- $7,242
NOI is effective income minus tax, insurance, HOA, maintenance, management, and reserves. Principal and interest are not inside NOI. Cash flow subtracts debt service once. Cap rate is NOI divided by price. Cash-on-cash is annual cash flow divided by down payment plus closing costs. Zero interest is allowed and amortizes as straight principal.
| Rate | Occupancy | NOI | Cash flow |
|---|---|---|---|
| 5% | 85% | $24,843 | −$21,538 |
| 5% | 93% | $29,083 | −$17,299 |
| 5% | 100% | $32,792 | −$13,589 |
| 6.42% | 85% | $24,843 | −$29,314 |
| 6.42% | 93% | $29,083 | −$25,074 |
| 6.42% | 100% | $32,792 | −$21,365 |
| 7.5% | 85% | $24,843 | −$35,569 |
| 7.5% | 93% | $29,083 | −$31,330 |
| 7.5% | 100% | $32,792 | −$27,620 |
Buy now or wait
Educational scenarios only. Appreciation and the future rate are numbers you type. They are not a forecast, a guarantee, or personal advice.
Buy now
Equity $369,972
Value $1,043,347 · balance $673,375 · interest paid $224,160
Wait, then buy
Equity $306,866
Future price $954,810 · rent paid $67,200 · cash out $351,097