# Rental Property Calculator

> Analyze the profitability of a rental property including Net Operating Income (NOI) and Cash Flow.

Page: https://askcalculators.com/calculator/rental-property-calculator/
Definition: https://askcalculators.com/calculator/rental-property-calculator/definition.json
JSON Schema: https://askcalculators.com/calculator/rental-property-calculator/schema.json
Version: 7.0.0
Maintained by: AskCalculators (software project; not a credentialed reviewer)
Qualified review: pending. Automated checks do not establish professional approval.
Page status: Live
Review status: Pending

## Use
Open the calculator page and enter values. Query-string parameters can restore and bookmark a calculation.
Example: https://askcalculators.com/calculator/rental-property-calculator/?purchasePrice=250000&rent=2200&vacancyRate=5&expenses=800&mortgage=1100&downPayment=50000&closingCosts=7500

## Inputs
- purchasePrice: Purchase Price; type=number; optional; default=250000
- rent: Monthly Rent; type=number; optional; default=2200
- vacancyRate: Vacancy Rate; type=number; optional; default=5
- expenses: Monthly Expenses; type=number; optional; default=800
- mortgage: Monthly Mortgage; type=number; optional; default=1100
- downPayment: Down payment; type=money; optional; default=50000; min=0
- closingCosts: Closing and initial costs; type=money; optional; default=7500; min=0

## Outputs
- result: Result; format=text; primary

## Formula
Effective gross income = scheduled rent × 12 × (1 − vacancy); NOI = effective income − operating expenses; cash flow = NOI − debt service; cap rate = NOI ÷ price.

## Rules
- Empty optional inputs are undefined, not zero.
- Hidden conditional inputs are ignored.
- Do not invent missing required inputs.