What rent does a $650,000 rental need?
About $5,175/month USD to break even, and $5,400/month for $200 of monthly cash flow — with 20% down at a 7% rate.
Assumes typical costs: property tax 1.2% and insurance 0.5% of the price per year, 5% vacancy, 10% of rent for repairs, and a 30-year loan. Plug in your real numbers on the right.
| Rate | 20% down: break even / +$200 | 25% down: break even / +$200 |
|---|---|---|
| 6% | $4,775 / $5,000 | $4,525 / $4,775 |
| 6.5% | $4,975 / $5,200 | $4,725 / $4,950 |
| 7% | $5,175 / $5,400 | $4,900 / $5,150 |
| 7.5% | $5,375 / $5,600 | $5,100 / $5,350 |
The 1% rule would ask for $6,500/month. It's a quick screen only — taxes, insurance and the rate decide the real answer.
Quick check
United States · USD
Monthly cash flow
$210/mo
Preliminary verdict
Proceed with caution
Cash flow is positive, but the cushion over the mortgage is thin.
- Cash flow
- $210/mo
- Cap rate
- 6.77%
- DSCR
- 1.06
Counted
Mortgage (30-yr), property tax ~1.2%/yr, insurance ~0.5%/yr, 5% vacancy, 10% of rent for repairs.
Not counted yet
Closing costs, HOA fees, a property manager, and your actual tax and insurance quotes. Add them in the full analysis.
How we calculate · An estimate to screen deals, not financial advice.
Other prices
Related: rental property calculator · DSCR calculator · cap rate calculator