Rental property calculator
Price, loan, rent, every expense line, growth and the hold. You get cap rate, cash-on-cash, DSCR, IRR and a year-by-year projection to the sale, the way a lender or an experienced buyer runs it. Same logic as the Bindler workbook, verified against it.
Method: gross scheduled rent grows at the rent growth rate; vacancy is a share of gross; repairs and reserves follow gross rent, management follows collected rent, fixed expenses grow at the expense growth rate; NOI less debt service (from a monthly amortisation) is cash flow before tax. The holding year adds the net sale: value at the appreciation rate, less selling costs, less the loan balance. IRR is on cash invested at year 0 and each year's cash flow including the sale. Before income tax; depreciation, tax on sale and refinancing are outside this page. Same logic as the Bindler workbook. Arithmetic on your assumptions, not investment, tax or legal advice.