Renky
Rental Property Calculator
Estimate monthly and annual cash flow, expenses, and returns for Canadian rental properties — with CMHC insurance, semi-annual mortgage compounding, and provincial land transfer tax estimates.
Built for Canadian landlords
Cash flow
-$1,701
Income after all expenses & mortgage
Cap rate
2.80%
NOI ÷ purchase price
Cash-on-cash
-10.88%
Annual cash flow ÷ cash invested
Cash invested
$187,500
Down payment + CMHC + closing + LTT
Property & mortgage
Canadian purchase, financing, and closing assumptions
Under 20% typically requires mortgage default insurance (CMHC/Sagen/Canada Guaranty).
Canadian mortgages compound semi-annually — payments reflect that.
Insured mortgages are usually capped at 25 years; conventional can be longer.
Legal fees, inspections, adjustments — excluding land transfer tax if estimated below.
Rental income
What the property brings in before expenses
Typical Canadian long-term rentals: 2–5%.
Operating expenses
Taxes, strata, insurance, maintenance, and more
Annual municipal property taxes.
Common for condos and some townhouses in Canada.
Percent of rent set aside for repairs.
Percent of effective rent (after vacancy).
Income vs expenses
Compare gross rent, total costs, and net cash flow
Expense breakdown
Where every dollar of cost goes
- Mortgage (P&I)75%
- Property tax8%
- Insurance3%
- Condo / strata9%
- Maintenance3%
- Vacancy2%
Return breakdown
From gross rent to net cash flow
- Gross income
- $3,200
- Vacancy loss
- −$96
- Effective income
- $3,104
- Operating expenses
- −$1,120
- Net operating income (NOI)
- $1,984
- Mortgage payments
- −$3,685
- Net cash flow
- -$1,701
Expense detail
- Mortgage (P&I)$3,685
- Property tax$400
- Insurance$140
- Condo / strata$420
- Maintenance$160
- Vacancy$96
Mortgage principal
$680,000
Payment amount
$3,685/mo
Est. land transfer tax
$15,000
Gross yield
4.52%
Break-even occupancy
100.0%
Estimates only — not financial, tax, or mortgage advice. CMHC premiums, land transfer taxes, and municipal rates change; confirm figures with your lender, lawyer, and accountant. First-time buyer exemptions, foreign buyer taxes, and Toronto municipal LTT are not fully modeled.