Cap rate DSCR Cash-on-cash 1031 exchange

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Rental property analysis guides

Each guide takes one number used to analyze a rental property, shows what it measures on a single worked example, and names what it leaves out.

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How to analyze a rental propertyHow to analyze a rental property in five steps: NOI, cap rate, DSCR, cash-on-cash return and a 1031 exchange, with one property measured by all of them.

Every guide

What is a good cap rate?There is no universal good cap rate. What a cap rate is priced against, where to find your market’s figures, and four checks before trusting one.
How to calculate cap rateHow to calculate cap rate on a rental property: the formula, NOI divided by value, worked line by line, turned around to value a property, and the traps.
Cap rate vs cash-on-cash returnCap rate ignores your loan; cash-on-cash return is mostly about it. One property bought three ways shows one cap rate and three different returns.
What does cash-on-cash return mean?Cash-on-cash return is annual pre-tax cash flow divided by the cash you invested: what counts in each half, and the part of your return it leaves out.
What is a DSCR ratio?The DSCR ratio compares a property’s income to its loan payment. Two formulas are in use, and one property scores 0.98 on one and 1.31 on the other.

Calculators

Cap rate calculator
DSCR loan calculator
Cash-on-cash return calculator
1031 exchange calculator

Guides

How to analyze a rental property
What is a good cap rate?
How to calculate cap rate
Cap rate vs cash-on-cash return
What does cash-on-cash return mean?
What is a DSCR ratio?

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These calculators produce estimates from the numbers you enter. They are not financial, legal or tax advice, and nothing you type leaves your browser.

Formulas, definitions and every sourced figure are documented in the project's finance model, which names its sources rather than asserting benchmarks.