Toolkit
Cashflow Calculator
Model a duplex, triplex, or single rental in Waterloo Region. See monthly cashflow, cap rate, and cash-on-cash return before you fall in love with the deal.
Better than back of the napkin.
| Gross rent | $3,950 |
| Vacancy (5%) | −$198 |
| Effective income | $3,753 |
| Property tax | −$500 |
| Insurance | −$180 |
| Maintenance (1%/yr) | −$542 |
| Net operating income | $2,531 |
| Mortgage (5.0%, 25yr) | −$3,024 |
| Net cashflow | −$494 |
Mortgage uses Canadian semi-annual compounding. Results are pre-tax. Assumes tenants pay their own utilities: older single-metered duplexes can put $300 to $500/mo of utilities on the landlord, so check the metering. Property tax defaults reflect that Waterloo Region taxes are billed on MPAC assessed value, usually below market price. Older buildings: budget 1.5 to 2% for maintenance. City of Waterloo requires an annual rental licence for low-rise rentals (Kitchener and Cambridge generally do not). Estimates only: no principal paydown, appreciation, or income-tax treatment. Confirm with your accountant and mortgage broker.
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