A rental property deserves a stress test
Income estimates are a starting point, not a promise.
Use a conservative income scenario
Estimate achievable rent and occupancy for the specific property. Support your assumptions with comparable properties and account for vacancies.
Include every operating expense
Consider dues, upkeep, management, utilities, insurance, local obligations and replacements. Keep financing costs separate so you can understand their impact.
Check the rental rules
Confirm the building or community rules and any approvals relevant to your planned use. Do not assume short stays are allowed because nearby units advertise them.
Model a difficult year
Reduce rent and occupancy, add repairs and review whether you can still fund the property. A purchase should fit your available cash and risk tolerance.
Verify before deciding
Use documented costs and local professional advice for a real investment decision. This guide and the calculator are educational tools, not personalized advice.