Posted by JohnBoy on August 16, 2004 at 13:48:02:
Shouldn’t you have done this before you purchased the property?
What do you need a calculator for? Take the monthly mortgage payment, taxes and insurance that you have to pay and that is your monthly break even. If you figure in for vacancy and repairs, take that annual amount and divide by 12. Add that to your mortgage payment and that is your break even amount.
You should have done this before buying the property to make sure the rent needed to cash flow will support the market rents for the area.