INVESTOR TOOLS

Investor Tools and Calculators

Four calculators for anyone buying or holding a rental in Maryland, plus the one number they all depend on: what the home will rent for. The figures already filled in are examples. Change them to your own and the results update as you type.

These tools give estimates only. They are not tax, legal or investment advice.

Mortgage payment Monthly cash flow Cap rate and cash-on-cash DSCR What will it rent for?How to read the numbers

CALCULATOR 1

Mortgage payment calculator

Principal and interest from the price, down payment, rate and term, with property tax and insurance added to show the full monthly payment.

Your numbers

Purchase price$Down payment%Interest rate (annual)%Loan termyearsProperty tax per year (example)$Insurance per year (example)$

Monthly payment

Loan amount-

Down payment-

Principal and interest-

Property tax-

Insurance-

Total monthly payment-

Interest paid over the full term-

Taxes and insurance differ by county and property. Use your own tax bill and an insurance quote. The total does not include HOA dues, mortgage insurance or lender fees. Calculated in your browser. Nothing is sent or stored.

CALCULATOR 2

Rental cash-flow estimator

What is left each month after vacancy, the management fee, a maintenance reserve, taxes, insurance and the loan payment.

Your numbers

Monthly rent$Vacancy allowance (share of rent)%Management fee (share of collected rent)%Maintenance reserve (share of rent)%Property tax per year (example)$Insurance per year (example)$Monthly loan payment, principal and interest$Other monthly costs (HOA, utilities you pay, lawn)$

Monthly estimate

Vacancy allowance-

Rent after vacancy-

Management fee-

Maintenance reserve-

Property tax-

Insurance-

Other costs-

Operating expenses-

Net operating income-

Loan payment-

Monthly cash flow-

Cash flow per year-

The management fee default is an example. EPG's plans are on the pricing page. Enter zero if you will manage the home yourself. Calculated in your browser. Nothing is sent or stored.

CALCULATOR 3

Cap rate and cash-on-cash return

Cap rate compares the property’s income to its price, with no loan in the picture. Cash-on-cash compares the yearly cash flow to the cash you put in.

Your numbers

Purchase price$Closing costs (example)$Repairs before renting (example)$Down payment%Net operating income per year$Loan payments per year$

Returns

Total cash invested-

Cash flow per year, before tax-

Cap rate-

Cash-on-cash return-

Net operating income is rent after vacancy minus operating expenses, before any loan payment. The cash-flow estimator above works it out. Cap rate here uses the purchase price alone. Calculated in your browser. Nothing is sent or stored.

CALCULATOR 4

DSCR calculator

The debt service coverage ratio is net operating income divided by the year’s loan payments. DSCR lenders underwrite the property on this ratio rather than on your personal income.

Your numbers

Monthly rent$Vacancy allowance (share of rent)%Operating expenses per year (taxes, insurance, management, maintenance, other)$Monthly loan payment, principal and interest$

Debt service coverage

Rent per year after vacancy-

Operating expenses per year-

Net operating income per year-

Loan payments per year-

DSCR-

Lenders set their own minimum ratio and some calculate it differently, for example rent divided by the full payment including taxes and insurance. Ask your lender how they work it out. Calculated in your browser. Nothing is sent or stored.

THE NUMBER EVERYTHING DEPENDS ON

What will it rent for?

Every result above starts with the rent. Guess high and the deal looks better than it is. We will tell you what a specific Maryland home should rent for, based on current comparable rentals in its town, within 3 to 5 business days. There is no charge and no obligation.

Weighing whether to rent out a home or sell it? The same analysis gives you the rent side of that decision.

READING THE RESULTS

How to read these numbers

Total monthly payment. Principal, interest, property tax and insurance. Lenders call this PITI. HOA dues, mortgage insurance and utilities you pay come on top, so add them in the cash-flow estimator’s other costs.

Monthly cash flow. Rent after vacancy, minus operating expenses, minus the loan payment. A negative number means you add money every month. A small positive number can turn negative with one furnace or roof, which is why the maintenance reserve is in the estimate.

Net operating income. Rent after vacancy minus operating expenses, before the loan. It is the income the property itself produces, and both cap rate and DSCR are built on it.

Cap rate. Net operating income divided by the purchase price. Because it ignores financing, it is the cleanest way to compare two properties. Compare it with recent sales of similar rentals in the same town, not with a national figure.

Cash-on-cash return. Yearly cash flow divided by the cash you put in: down payment, closing costs and repairs before renting. It is the number to compare with what the same cash would earn elsewhere. It leaves out appreciation, loan paydown and tax effects.

DSCR. Net operating income divided by the year’s loan payments. At 1.00 the property exactly covers its loan. Lenders set their own minimum and some use a different formula, so ask yours before you rely on the figure here.

What Maryland requires once you own the property, from lead paint registration to local rental licensing, is on Owner Resources. What management costs is on the pricing page.

Start with the rent

Request a free rental analysis for a specific home and we reply within 3 to 5 business days. If you already own the rental, our management plans are on the pricing page.