STR Financial Modeler

Acquisition analyzer

Enter property, financing, and operating assumptions. The model projects year-one cash flow, returns, and simplified tax effects from bonus-eligible cost segregation.

Property & financing

Down payment

Income

Operating expenses

Monthly cash flow uses all seven lines: management, cleaning, utilities, HOA (monthly), maintenance (monthly), plus property tax and insurance as annual amounts divided by 12.

Tax assumptions

Growth assumptions (annual)

Occupancy

Form field 40%–90%; table shows seven occupancy levels (other inputs held constant).

40%70%90%
Occ.Mo. CFCoC
45%-$1,604-19.25%
50%-$1,379-16.55%
55%-$1,154-13.85%
60%-$929-11.15%
65%-$704-8.45%
70%-$479-5.75%
75%-$254-3.05%

Nightly rate

Base $150/night · seven offsets (−30% … +30%, 10% steps).

-30%Base+30%
Δ / nightMo. CFCoC
-30% · $105-$1,424-17.09%
-20% · $120-$1,109-13.31%
-10% · $135-$794-9.53%
Base · $150Base-$479-5.75%
+10% · $165-$164-1.97%
+20% · $180$1511.81%
+30% · $195$4665.59%

Interest rate

Seven rates from 3.50% to 9.50% (input 6.50%). Slider uses 0.25% steps; row highlight snaps to nearest listed rate.

3.50%6.50%9.50%
RateP&IMo. CFCoC
3.50%$1,347.13$700.84%
4.50%$1,520.06-$103-1.24%
5.50%$1,703.37-$286-3.44%
6.50%In$1,896.20-$479-5.75%
7.50%$2,097.64-$681-8.17%
8.50%$2,306.74-$890-10.68%
9.50%$2,522.56-$1,106-13.27%

Break-even (avg mo. CF ≈ $0): 3.91%

Key metrics

Cap rate and DSCR from year 1. 10-year total return = sum of projected pre-tax annual cash flows ÷ cash invested, with 3% rent and 2% annual expense growth and flat debt service.

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Cap rate (NOI / price)
4.25%
DSCR
0.75%
Cash-on-cash (year 1)
-5.75%
10-year total return (pre-tax)
-21.92%

Year 1 detail

Month 1 cash flow (pre-tax)
-$479
Annual cash flow (pre-tax)
-$5,750
Avg monthly cash flow (year 1)
-$479
Taxable income (NOI − interest − Y1 bonus dep.)
-$82,397
Bonus depreciation shield (Y1)
$25,600
Loan amount$300,000
Monthly mortgage (P&I)$1,896.20
Cash invested (down payment)$100,000
First-year bonus depreciation (model)$80,000

Monthly cash flow

MonthGrossOpexMortgageCash flow
Jan 2026$3,150$1,733$1,896-$479
Feb 2026$3,150$1,733$1,896-$479
Mar 2026$3,150$1,733$1,896-$479
Apr 2026$3,150$1,733$1,896-$479
May 2026$3,150$1,733$1,896-$479
Jun 2026$3,150$1,733$1,896-$479
Jul 2026$3,150$1,733$1,896-$479
Aug 2026$3,150$1,733$1,896-$479
Sep 2026$3,150$1,733$1,896-$479
Oct 2026$3,150$1,733$1,896-$479
Nov 2026$3,150$1,733$1,896-$479
Dec 2026$3,150$1,733$1,896-$479

Annual summary

Gross rental revenue
$37,800
Operating expenses
$20,796
NOI (ex-debt)
$17,004
Debt service (P&I)
$22,754
Interest
$19,401
Principal
$3,353
Pre-tax cash flow
-$5,750
Appreciation assumption (unused Y1)
3.00%

10-year projection

3% rent growth, 2% expense growth, mortgage = year-1 debt service each year.

YearRevenueExpensesMortgageCash flowCumulative
1$37,800$20,796$22,754-$5,750-$5,750
2$38,934$21,212$22,754-$5,032-$10,783
3$40,102$21,636$22,754-$4,289-$15,071
4$41,305$22,069$22,754-$3,518-$18,590
5$42,544$22,510$22,754-$2,720-$21,310
6$43,821$22,960$22,754-$1,894-$23,204
7$45,135$23,420$22,754-$1,039-$24,243
8$46,489$23,888$22,754-$153-$24,397
9$47,884$24,366$22,754$764-$23,633
10$49,320$24,853$22,754$1,713-$21,920

Tax impact (projection)

Annual depreciation = (price × cost seg % × bonus dep. %) ÷ 27.5. Taxable income = projected pre-tax cash flow − that depreciation. Tax = taxable × marginal rate (negative tax = savings vs ordinary income). After-tax = pre-tax cash flow − tax.

Annual depreciation (each year): $2,909

YearPre-tax CFDepreciationTaxable incomeTax (owed) / savingsAfter-tax CF
1-$5,750$2,909-$8,660-$2,771-$2,979
2-$5,032$2,909-$7,941-$2,541-$2,491
3-$4,289$2,909-$7,198-$2,303-$1,985
4-$3,518$2,909-$6,427-$2,057-$1,462
5-$2,720$2,909-$5,630-$1,801-$919
6-$1,894$2,909-$4,803-$1,537-$357
7-$1,039$2,909-$3,948-$1,263$224
8-$153$2,909-$3,062-$980$827
9$764$2,909-$2,145-$687$1,450
10$1,713$2,909-$1,196-$383$2,096

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