Commercial Real Estate

Multifamily Investment Calculator

Run the numbers on an apartment building or multifamily property — cap rate, NOI, cash-on-cash return, debt-service coverage, and price per unit, all in one place.

This is an informational estimate based on the figures you enter. Actual returns depend on financing terms, real operating costs, and market conditions — use this to screen deals, not as a substitute for full underwriting on a specific property.

Step 1 — Property & Financing

Number of Units

Purchase Price

Closing Costs (buyer-side)

Down Payment 30%

Interest Rate 7.5%

Loan Term (years, amortization)

Step 2 — Rental Income

Average Monthly Rent per Unit

Other Monthly Income (total) Laundry, parking, storage, pet rent, application fees, etc.

Vacancy & Credit Loss 7%

Step 3 — Operating Expenses

Annual Property Tax

Annual Insurance

Property Management 7% of rent

Maintenance & CapEx Reserve 10% of rent

Owner-Paid Utilities

Include if you cover water, sewer, trash, or common-area electric.

Other Annual Expenses

Landscaping, pest control, trash removal, HOA/association dues, etc.

Cash-on-Cash Return

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Annual cash flow as a percent of the cash you'd actually put in.

Cap Rate

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Monthly Cash Flow

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Annual NOI

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Press “Run the Numbers” to see the full breakdown.

This is an informational estimate only, based on the figures you entered. It is not a loan quote, appraisal, or investment recommendation, and actual results depend on financing terms you qualify for, real operating costs, and market performance. Chuma Hicks-Reese is a real estate professional, not a financial advisor — run your numbers by your own lender and accountant before making an offer.

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This is an estimate. Let's talk through your acquisition criteria and get you in front of the right opportunities.

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