Is the Rental Property Calculator free?
Yes. It is completely free, with no sign-up, no watermark, and no usage limits.
Does it use a specific currency?
No. Amounts are currency-neutral and use the same unit across all inputs, so it works in any country.
What is the difference between cap rate and cash-on-cash return?
Cap rate = net operating income ÷ price, ignoring financing. Cash-on-cash = yearly cash flow after the mortgage ÷ cash you put in. The example property has a 6.72% cap rate but only a 2.93% cash-on-cash return at a 7% mortgage rate.
What expenses should I include?
Property tax, insurance, HOA fees, repairs and maintenance (often 1% of the price a year), property management (8-10% of rent) and capital expenditures. Leaving them out makes a deal look better than it is.