Educational underwriting tool

Investment Property Calculator

Adjust the assumptions to explore how ownership, financing, operations and a future capital event can affect an individual investor’s projected results.

Acquisition & ownership

Purchase price $ Equity required (down payment) % Your investment $

Closing & initial costs%

Property operations

Annual gross rent $ Vacancy allowance % Other annual income $ Annual operating expenses (excludes mortgage) $

Financing & growth

Interest rate % Amortization yrs Annual property appreciation % Annual rent growth % Annual expense growth % Holding period yrs Selling costs at exit (brokerage + closing) %

The projection updates automatically as you type.

Year-by-year projection

How the investment may change over time.

Property value, operations and financing are projected from the assumptions above.

Year	Property value	NOI	Annual cash flow	Your distribution	Your projected equity

What this calculator does—and does not do.

This is a simplified educational illustration, not an offering, appraisal, forecast, or individualized financial, legal or tax advice. It assumes pro-rata ownership and distributions, level monthly debt service and annual changes at the rates entered. For this projection, the capital event is modeled as a sale at the end of the selected holding period; a refinance or recapitalization is not modeled. Actual investments may include reserves, fees, refinancing, capital expenditures, waterfalls, preferred returns, taxes and other terms that materially change results.