Rental Property (Cash Flow) Calculator — Mount Prospect, IL
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Defaults: ILAd-ready placementsFAQ schema
Inputs
Operating assumptions (monthly)
Results
Monthly cash flow
-$305
Cap rate (NOI / price)
4.73%
Cash-on-cash (simplified)
-5.63%
Monthly breakdown
- Effective rent (after vacancy): $1,995
- Operating expenses (incl. PM): $970
- NOI: $1,025
- Mortgage: $1,330
- Cash flow: -$305
Tip: Add closing costs, rent growth, and appreciation later for a full pro forma.
How to use this calculator in Mount Prospect
Start with the pre-filled assumptions for Mount Prospect, then replace them with your deal’s numbers. If you’re an investor, keep vacancy + CapEx reserves conservative. If you’re a homeowner, pay special attention to property taxes and insurance (these often drive the rent vs buy decision).
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FAQ
What is a good cap rate in Mount Prospect, IL?
Cap rates vary by neighborhood, asset class, and interest rate environment. Use this tool to compare deals consistently rather than chase a single threshold.
Why does vacancy matter so much?
Even short turnover periods reduce effective rent and can turn marginal deals negative. Conservative vacancy keeps your underwriting honest.
Does this include closing costs?
This version is simplified. Add a future field for closing costs and initial reserves to improve cash-on-cash accuracy.