Calculator
Condo Investment Return Calculator
Estimate potential return on a condo investment including rent, expenses, and appreciation.
Investment condos require modeling vacancy, management fees, HOA increases, and capital expenditures, not just mortgage math.
Use this tool as a starting framework before underwriting a rental or flip scenario.
Last updated: May 2026
Your numbers
What this means
This property shows $0.00 monthly cash flow before income taxes, with a 0.0% cap rate on purchase price.
Assumptions and limitations
- 30-year mortgage for payment estimate.
- Appreciation applied as constant annual rate.
Frequently asked questions
- What is a good cap rate for a condo?
- Varies by market; compare to local rents, HOA stability, and alternative investments.
When this matters
- You are underwriting a rental condo purchase
- You want to compare condo ROI to other uses of the same down payment
What this calculator does not include
- Live tax bills, insurance quotes, or HOA budgets from any database
- Lender approval, HOA questionnaire results, or project eligibility
- Future HOA increases unless you change the inputs yourself
- Exact vacancy rates or rent growth for your submarket
- Capital gains tax on a future sale
- Major special assessments beyond what you enter
See our methodology page for how each input is defined and how to interpret results.
Common questions
- Should I include appreciation?
- You can model conservative growth, but do not treat appreciation as guaranteed. Many investors stress-test with zero or low growth.
Sources to verify before buying
Use this checklist during due diligence. Calculators help you plan; these documents tell you what a specific building actually costs.
- HOA budget and most recent financial statements
- Reserve study and percent-funded summary
- Master insurance policy declarations and renewal terms
- Board meeting minutes from the past 12–24 months
- Pending or approved special assessment notices
- County or municipal property tax estimator for the unit
- HO-6 insurance quote matched to master policy coverage
- Lender condo questionnaire or project approval status
Assumptions and limitations
- Outputs are planning estimates only, not quotes from lenders, insurers, or tax authorities.
- Actual HOA dues, insurance premiums, and tax assessments vary by building, location, and ownership status.
- PMI, special assessments, and reserve risk are modeled with simplified assumptions unless you enter your own figures.
- Always confirm numbers with association documents, your agent, and qualified professionals before making an offer.
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