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2-4 Units, The Experts

Investment calculators

Run the numbers on a 2-4 unit property: income, expenses, financing and returns, then compare scenarios side by side.

Purchase & financing

Points, lender fees

Income

Monthly rent by unit

Laundry, parking, storage

Annual operating expenses

% of effective gross income

Monthly cash flow

-$1,301

Cap rate

4.69%

Cash-on-cash

-4.73%

DSCR

0.78

Results

Calculated
Deal analysis results
Income
Gross scheduled income$91,200
Vacancy allowance$4,560
Other income$0
Effective gross income$86,640
Expenses
Management$5,198
Operating expenses$30,398
Net operating income (NOI)$56,242
Financing
Loan amount$900,000
Down payment$300,000
Monthly P&I$5,987.72
Annual debt service$71,853
Cash flow
Monthly cash flow-$1,301
Annual cash flow-$15,611
Total cash invested$330,000
Returns
Cap rate4.69%
Cash-on-cash return-4.73%
DSCR0.78
Gross rent multiplier13.16
Price per unit$400,000
Price per sq ft$444
Expense ratio35.09%

Assumptions

  • Rents are monthly; vacancy applies to scheduled rent only (not other income).
  • Management is a percentage of effective gross income.
  • Taxes and insurance are operating expenses and are not added again to the loan payment.
  • Fixed-rate, fully amortizing loan; payment is principal & interest only.
  • Cash invested = down payment + closing costs + other financing costs.
  • Excludes capital reserves, rehab, appreciation, loan paydown and income taxes.

“—” means the ratio is undefined for these inputs (for example, no debt or zero price).

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Estimates only. Results depend entirely on the assumptions you enter and are not a loan quote, commitment or pre-approval, an appraisal or opinion of value, or tax, legal or investment advice. Verify income, expenses and financing terms with your lender, CPA and agent before making a decision.