TOOLS & CALCULATORS

RENTAL PROPERTY PRO FORMA TEMPLATE

Estimate rental income, operating expenses, net operating income, cash flow, and investment returns. Enter your assumptions below, then print or save your completed pro forma as a PDF.

For educational and preliminary analysis purposes. Actual property performance may differ from projections.
How to use this template: Complete the applicable fields. Calculated values update automatically.
Input Calculated
01

PROPERTY INFORMATION

02

ACQUISITION & FINANCING

$
$
$
$
%
$
%
Years
$
$
Total Cash Invested $0
03

RENTAL INCOME

Enter either a monthly or annual amount. The corresponding figure will calculate automatically.

Income Source
Monthly
Annual
Base Rent
$
$
Parking
$
$
Laundry
$
$
Pet Fees
$
$
Storage
$
$
Other Income
$
$
Gross Potential Income
$0
$0
%
Annual Vacancy & Credit Loss $0
Effective Gross Income $0
04

OPERATING EXPENSES

Enter recurring property operating expenses. Financing costs are excluded here and applied separately after NOI.

%
Operating Expense
Monthly
Annual
Property Management
$0
$0
Property Taxes
$
$
Property Insurance
$
$
Repairs & Maintenance
$
$
Utilities
$
$
Landscaping / Grounds
$
$
Pest Control
$
$
HOA / Association Fees
$
$
Licenses / Permits
$
$
Advertising / Leasing
$
$
Legal / Accounting
$
$
Administrative
$
$
Replacement Reserves
$
$
Other Operating Expenses
$
$
Total Operating Expenses
$0
$0
05

PRO FORMA OPERATING STATEMENT

Rental Property Analysis
INCOME
Gross Potential Income $0
Less: Vacancy & Credit Loss $0
Effective Gross Income $0
OPERATING EXPENSES
Property Management $0
Property Taxes $0
Property Insurance $0
Repairs & Maintenance $0
Utilities $0
Landscaping / Grounds $0
Pest Control $0
HOA / Association Fees $0
Licenses / Permits $0
Advertising / Leasing $0
Legal / Accounting $0
Administrative $0
Replacement Reserves $0
Other Operating Expenses $0
Total Operating Expenses $0
NET OPERATING INCOME (NOI) $0
Less: Annual Debt Service $0
ANNUAL CASH FLOW BEFORE TAXES $0
06

KEY INVESTMENT METRICS

Net Operating Income $0 Annual NOI
Cap Rate — NOI ÷ Purchase Price
Monthly Cash Flow $0 Before taxes
Annual Cash Flow $0 Before taxes
Cash-on-Cash Return — Cash Flow ÷ Cash Invested
DSCR — NOI ÷ Debt Service
Operating Expense Ratio — Expenses ÷ EGI
Total Cash Invested $0 Acquisition cash requirement
07

ANALYSIS NOTES

Record assumptions, sources, repair estimates, rent comparables, or other details you want included with the completed analysis.

Rental Property Pro Forma Template — Basic Property Management

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