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.
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
Asking
UnderpricedFair: break-even ±10%
Overpriced
- 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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