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Calcimator

Turnkey Rental Calculator

Analyze a turnkey rental property with management fees, mortgage, vacancy, and maintenance to project cash flow and key investment metrics.

Inputs

%
%
%
%
%

Results

Monthly Cash Flow

-$177.04

Annual Cash Flow-$2,124.51
Cap Rate5.14%
Cash-on-Cash Return-3.4%
Net Operating Income$12,844.80
Monthly Mortgage$1,247.44
Annual Operating Expenses$7,027.20
Gross Rent Multiplier11.57
1% Rule Test0.72%
How to Use This Calculator
  1. Enter Purchase Price — turnkey properties often carry a premium over distressed comparables.
  2. Input Monthly Rent, Vacancy Rate %, and Property Management Fee % (typically 8–12%).
  3. Enter Monthly Taxes, Insurance, HOA, and Maintenance Reserve % to capture total operating costs.
  4. Set Down Payment %, Interest Rate, and Loan Term for the financing scenario.
  5. Review Monthly Cash Flow and Cap Rate to assess turnkey performance.
  6. Check Cash-on-Cash Return — turnkey properties often yield lower CoC than BRRRR deals but require less effort.

How the result changes with Monthly Rent ($)

Monthly Rent ($)Monthly Cash Flow
10,000$6,202.56
35,000$25,652.56
65,000$48,992.56
90,000$68,442.56

What each input means

Purchase Price ($)
Turnkey property purchase price including any markup.
Monthly Rent ($)
Expected monthly rental income.
Vacancy Rate (%)
Expected annual vacancy rate.
Property Mgmt Fee (%)
Property management fee as % of collected rent.
Monthly Taxes ($)
Monthly property tax.
Monthly Insurance ($)
Monthly insurance premium.
Monthly HOA ($)
Monthly HOA or condo fees.
Maintenance Reserve (%)
Annual maintenance reserve as % of gross rent.
Down Payment (%)
Down payment as % of purchase price.
Interest Rate (%)
Annual mortgage interest rate.
Loan Term (years)
Mortgage term in years.

What each result means

Monthly Cash Flow
Net monthly income after all expenses and debt service.
Annual Cash Flow
Net annual income after all expenses.
Cap Rate
NOI / Purchase Price. Higher is better.
Cash-on-Cash Return
Annual cash flow / down payment.
Net Operating Income
Income minus operating expenses (before debt service).
Monthly Mortgage
Calculated P&I payment.
Annual Operating Expenses
Management, maintenance, taxes, insurance, HOA.
Gross Rent Multiplier
Purchase price / annual rent. Lower is better.
1% Rule Test
Monthly rent / purchase price. >= 1% is the benchmark.

How this is calculated

Worked example, using the default values

  1. Identify Input Parameters
    4 parameters
    Purchase Price ($) = 250000, Monthly Rent ($) = 1800, Vacancy Rate (%) = 8, Property Mgmt Fee (%) = 10 = 11 input(s) provided
  2. Calculate Monthly Cash Flow
    Monthly Cash Flow = annualCashFlow / 12
    -177.04 = $-177.04
  3. Calculate Annual Cash Flow
    Annual Cash Flow = noi - annualMortgagePayments
    -2124.51 = $-2,124.51
  4. Calculate Cap Rate
    5.14 = 5.14%

Engine last updated . Checked against 1 independently-derived test — how we verify calculators.

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