Deepestate

Is this rental worth the asking price?

Paste a listing. See the price at which it breaks even as a rental, and whether the asking price is above or below it.

Add the listing text (optional)

Realtor.com, Trulia and Homes.com links work too. We don't open the listing page: the address comes from the link, and you confirm the price and details before the report runs. Enter the details yourself.

What you get

Example: a 3-bed, 1-bath, 1,152 sqft house in ZIP 44102 (Cleveland, OH) listed at $129,900, computed today with no other input.

Underpriced for an investor
Asking price$129,900
Break-even price$163,263
Cash flow
$230/mo
Cap rate
8.4%
Cash-on-cash
7.6%
Rent from HUD
$1,450/mo

How the verdict is made

Break-even price
The highest price at which rent still covers the mortgage, taxes, insurance, vacancy, repairs and management. Asking more than 10% above it is overpriced for an investor; more than 10% below is underpriced.
Rent
RentCast's estimate for the address when available, next to HUD Fair Market Rent for the ZIP and bedroom count and the Census median.
Mortgage
This week's Freddie Mac 30-year average rate, or your lender's quote.
Taxes and local prices
The property's tax bill when RentCast or your pasted text has it, otherwise the ZIP's effective rate from the Census; local values from the Census and FHFA's ZIP price index.

Every number in a report names its source or is marked as your input or an editable assumption. All data sources.

Price

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