Free landlord calculator · Ontario
Enter the rent and the costs, and see the net operating income and the monthly cash flow after the mortgage. The starting values are an illustration for a condo, not a forecast for your property.
See what a rental clears each month after vacancy, running costs, management and the mortgage payment, before income tax. The starting values are an illustration for a condo, not a forecast for your property.
Running costs come to $1,126 a month on rent of $2,400 after the vacancy allowance.
Rent less the vacancy allowance, less condo fees, property tax ÷ 12, insurance, the repairs allowance and management, is net operating income; less the mortgage payment, it is cash flow. A cap rate is a year’s net operating income ÷ the price. The mortgage payment includes principal, which is not an expense for tax; income tax is not modelled. The management default is Tenant.ca’s published condo fee of $98 a month plus 13% HST.
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How property management fees compare →Net operating income, the rent less vacancy and running costs, shows how the property itself performs; cash flow, after the mortgage, shows what reaches your account. A rental can have a positive operating income and a negative cash flow when the mortgage is large.
Only part of the mortgage payment is an expense for tax: the Canada Revenue Agency lists interest on money borrowed to buy or improve a rental among the expenses you can deduct, and management fees too. This is general information, not tax or financial advice.
