Free Real Estate Investing Calculators
Calculate rental cash flow, real estate depreciation, IRR, and more
Real Estate Investor Calculators
The next time someone tells you to “go with your gut” on real estate investments, punch them in theirs.
(Okay not really. Violence is bad. Despite its prevalence on TV.)
Investing involves a financial analysis — it’s true for stocks, it’s true for bonds, and it’s true for real estate. Liking the feng shui in a kitchen is no reason to invest in that property.
To help you invest more analytically, we’ve compiled a series of free real estate investing calculators. From calculating cash flow to cap rates, financial independence to depreciation and beyond, we’ve got you covered.
Rental Property Calculator
Before you buy a rental property, you need to know how it will cash flow.
Our rental property calculator includes a built-in mortgage calculator, along with fields for all those pesky expenses that novice investors ignore or underestimate. Vacancy rate. Repairs and maintenance. Property management fees and beyond.
After you enter the property details, it spits out the monthly cash flow of course, but also your cash-on-cash return, capitalization rate, and total up-front investment. Our flagship real estate investor calculator also gives you the total life-of-loan mortgage interest, and the total amount you’ll pay over your loan term.
Internal Rate of Return Calculator (IRR)
Many new real estate investors aren’t familiar with IRR. But if you hope to earn 15-30% returns on real estate syndications, you need to know whether that means “average annual return” or “internal rate of return.”
And if you do know the difference, you know that IRR isn’t a calculation you can do in your head, unlike many real estate investing calculations. Enter: our free IRR calculator.
Give it a whirl, and have fun imagining what you’ll do with those high returns!
Loan Amortization Calculator
The average homeowner doesn’t realize just how weighted mortgage loans are to favor lenders. Most of the principal paydown happens in the last few years of the loan! (Which is, of course, precisely why lenders are so keen to refinance you before you get there. But I digress.)
You should understand each loan’s amortization schedule before signing on the dotted line. Use this free loan amortization calculator to know exactly how quickly you can expect to pay down a mortgage balance, with or without extra payments each month.
You may not think of loan amortization as a real estate investing calculator, but you should. Mortgage amortization determines how quickly you can ditch that monthly mortgage payment and supercharge your real estate cash flow.
Property Depreciation Calculator
The tax man cometh… but maybe not for a while, for real estate investors who capitalize on depreciation. This paper expense can offset your rental cash flow, syndication distributions, and other passive streams of income. For landlords, it can even offset up to $25,000 in active income each year.
And let’s be honest: too many real estate investors don’t fully understand how depreciation works. In fact, many believe that if they don’t claim depreciation on their tax return, they won’t have to pay depreciation recapture when they sell the property. That’s false — you’ll get taxed double if you don’t take it.
Get comfortable with it using our free property depreciation calculator.
Financial Independence Calculator
Who doesn’t want to reach financial independence young? To make their day job optional?
Our financial independence calculator helps you run the numbers on when you can live on your investments alone, taking both your paper assets and your real property assets into account. We kept it simple, so you don’t need a degree in accounting to figure out how to use it.
Don’t let all the negative news headlines fool you. You can reach financial independence and retire at any age you like, provided you save enough of each paycheck. Hard stop.
House Hacking Calculator
Thinking about house hacking with a multifamily property? Or maybe setting up an accessory dwelling unit to rent out, or even just leasing to housemates?
Run the numbers with our free house hacking calculator. And if you want some creative ideas beyond the obvious, read up on ways to house hack.
Remember four sentences ago when we said you can retire at any age if you save enough money? It helps to not have a housing payment.
Compound Returns Calculator
Compound interest is magic. When you start earning returns on your returns, your money takes on a life of its own and starts working for you rather than vice versa.
Play around with our compound interest calculator to see how quickly you can reach your financial goals if you keep reinvesting your returns. And don’t let the word “interest” fool you — the calculator doesn’t discriminate between real estate returns, rents, appreciation, or interest.
It just matters that you keep investing rather than spending your returns.
Prorated Rent Calculator
When tenants move in or out mid-month, landlords charge them for a partial month’s rent.
So how much should you charge for prorated rent when a tenant moves in on the 11th versus the 12th?
While hardly the most complex of the real estate investor calculators on this page, our prorated rent calculator can instantly tell you what to collect for each partial month’s rent.
Gross Rent Multiplier Calculator (GRM)
Sure, you don’t need a degree in math to calculate gross rent multiplier (GRM) for a potential investment property. But GRM is a great tool for comparing different real estate markets and finding areas with positive cash flow.
That in turn helps you get outside your current market and build a diversified real estate portfolio. To help with that, we’ve created not just a gross rent multiplier calculator, but also a series of interactive maps to help you find markets with high average returns and annual cash flow.
Not every investment property calculator requires you to drill down into monthly expenses and repair costs. Some metrics work because they’re just so dang simple.
Never Buy a Bad Investment Again
If you don’t get comfortable with running numbers in real estate investing calculators, you’re doomed to keep buying mediocre (or downright bad) investment properties until you do.
Real estate investor calculators are a tool of the trade. You don’t see appraisers walking through houses without a camera and tape measure (or laser measure, in the 21st Century). They need certain tools to do their job — and so do you.
Use these real estate investment calculators before buying any rental property investments. Or any other real estate investment property, for that matter. You need an accurate fix on the potential return on an investment before laying down $50-100K on a down payment.
We offer these ROI on real estate calculators free of charge so that you’ll keep coming back to SparkRental and stay in touch with us. When you’re truly serious about building passive income and wealth with real estate, we hope you join our group real estate investments in our investing club. The short version: every month we propose a real estate syndication deal to the club, and any club member can invest with as little as $5K. If that sounds like a lot, compare it to the $50-100K it takes to invest in a real estate syndication by yourself or put as a down payment on a rental property.
In the meantime, reach out any time, and let us know what kinds of real estate investing calculators you want our Chief Real Estate Nerd Officer to come up with next!