Long & Foster Real Estate, Inc.

Rental Property Calculator *

Rent ($ per  Month  Year)
Rent Increase (% Yearly)
Purchase Price ($)
Loan Down Payment ($)
Loan Amount ($)
Loan Interest Rate (%)
Loan Term (Years)
Loan Payment (PI $ Monthly)
Building Value (%) ^
Property Taxes ($ Yearly)
Homeowner's Ins ($ Yearly)
Loan Payment (PITI $ Monthly)
Maintenance ($ Yearly)
Other Expenses ($ Yearly)
Appreciation (% Yearly)
Inflation (% Yearly)
Adj Gross Income ($ Yearly)
Income Tax Filing    Single    Married Joint

Year 1 Year 2 Year 3 Year 4 Year 5
Rental Income ($)
 
Rental Income
- Loan Interest
- Prop Tax, HO Ins, Maint, Other
- Depreciation ^
= Taxable Income ($)
= Tax on Income ($) ^^
 
Rental Income
- Loan Payments (PI)
- Prop Tax, HO Ins, Maint, Other
- Tax on Income ^^
= Cash Flow ($)
+ Loan Principal
+ Appreciation
= Net Worth Effect ($)

* This calculator is provided for educational and illustrative purposes only and does not reflect your actual loan information, tax information and impact, cost or the exact interest rate for which you may qualify. Long & Foster Real Estate, Inc. is not a financial or tax advisor and cannot and is not offering tax advice. Please consult a financial advisor or certified public accountant to determine what the tax implications of purchasing real estate may be in your specific situation. The payment amounts include estimates of maintenance fees, homeowners insurance, and property taxes, which must be paid in addition to your loan payment. Your actual payments may be higher. Your loan’s interest rate will depend upon the specific characteristics of the loan transaction and your credit profile up to the time of closing; and your tax implications and deductions will depend on your specific financial situation and jurisdiction. Estimated inflation, appreciation, income, deductions, expenses and net worth used in this calculator are assumed and may not apply in all situations. Mortgage insurance may be required. Not all investment properties are profitable. This calculator does not factor in the costs of unanticipated maintenance costs, homeowner’s association dues, and legal fees which may arise.

^ 27.5 year straight line depreciation. Your tax deduction may be limited with high gross income. Depreciation is based on the value of the building without the land. Recapture rules generally apply with the subsequent disposition of rental property that you depreciated. Please consult a financial advisor or certified public accountant for details.

^^ 2018 Federal Single or Married-Joint Filing Status. Your tax deduction may be limited with high gross income. Please consult a financial advisor or certified public accountant for details.

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