Long-term rentals

The LTR analyzer models a single-family or small multi-family property rented to a tenant on a 12-month lease. It's the right tool for traditional buy-and-hold investing.

Inputs explained

• Purchase price & down payment: what you'll pay and what you'll put down.
• Rate & term: defaults to a 30-year fixed; adjust to your quote.
• Monthly rent: use comps from Zillow Rent Estimate or local PMs.
• Taxes & insurance: pull from the county appraiser and an insurance quote.
• Vacancy %: 5 to 8% is typical for stable US markets.
• Maintenance % / CapEx %: 5 to 10% each, more on older properties.
• Property management: 8 to 10% of collected rent if you're not self-managing.

How the math works

• NOI = (Rent × (1 − vacancy)) − operating expenses.
• Cap rate = NOI ÷ purchase price.
• Cash flow = NOI − annual debt service.
• Cash-on-cash = annual cash flow ÷ total cash invested.
• DSCR = NOI ÷ annual debt service.

Reading the results