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Investment Calculator

Purchase Price
$
Down Payment  
%
Rate  
%
Term  
years
NOI
$
   
Results  
   
Mortgage Amount $ 
Mortgage Payments/Month $
Mortgage Payments/Year $
   
CBFT $
Cash on Cash %
Cap Rate %
DCR  
   
Tax Deductions (per year)
Depreciation (Residential)* $
Depreciation (Commercial)* $
1st year loan interest $
   
1st year equity $ 

* Depreciation is based on improvement being 80% of Purchase price. (27.5 years SL for residential investment property and 39 years SL for non-residential investment property).

The results obtained from use of this calculator are intended only to provide preliminary estimates relating to a real estate investment. For specific numbers consulting with a mortgage or financial advisor is highly recommended.


Definitions

NOI =Net Operating Income (income -expenses, prior to mortgage payments)

CBFT= Cash Flow Before Taxes (NOI- mortgage payments)

Cash on Cash = CBFT/initial investment (downpayment)

Cap Rate = NOI/purchase price

DCR = Debt Coverage Ratio - NOI/Mortgage payments(year) - typically banks require a minimum of 1.20

Hickok and Boardman Commercial Realty is a division of Hickok and Boardman Realty

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