
NOI ÷ all-in cost. How a rental performs on its own, before the mortgage.

The ZIP includes the tool, instructions, license and example project.Cap rate + NOI
| Gross annual rent | $21,600 |
| − Vacancy | −$1,080 |
| − Operating expenses | −$5,400 |
| NOI / year | $15,120 |
Cap rate is Net Operating Income (rent minus vacancy and operating expenses, before any mortgage) divided by the property's all-in cost. It tells you how the asset performs on its own, without leverage — useful for comparing deals apples-to-apples. A higher cap rate means more income per dollar invested, but often more risk; compare against cap rates for similar properties in the same market.
Estimate the annual CRIM contribución from the assessed (1957) value, exemption and your municipality's rate — before you buy, bid or sign.
The most you can bid and still hit your minimum profit. Write it down before the auction — never bid a dollar past it.
Net profit and ROI from purchase, rehab, holding, closing, ARV and selling costs — the costs beginners forget, included.
How much cash you pull back out at the refinance, and whether the property still cash-flows after.