A clear first look at a rental purchase. Work through the basics, see what the numbers mean, and know what to check before going further.
Buying a place to rent out as it is? You're in the right place. Planning to renovate and refinance? The BRRR Analyzer is built for that.
No sign-up, and nothing you enter is shared. Leave blanks wherever you're unsure, and reach out to Jeremy any time you want a second opinion.
Nothing is sent anywhere. Saving uses this browser's storage on this device only, and your current entries stay here until you start over.
Right now: Not enough numbers yet.
Step 1 of 4 · Save and come back whenever you need to.
Your situation
Optional, and it stays on your device. It lets the results answer the questions that matter to you.
Optional
$
Savings you could put toward the down payment, closing costs and repairs.
Optional
$
What you'd like left over each month after every cost. Any amount is fine.
Purchase and financing
What you'll pay and how you'll fund it.
The price is only part of what it takes to buy. You'll also need closing costs, any work before renting, and some emergency cash set aside. We'll add it all up for you.
That's completely fine. Leave anything you don't know blank. We never guess or fill in a $0 for you, and the results show what's still needed. Save on this device and come back once you have the bills, leases or quotes.
Still to fill in: purchase price, closing costs, immediate repairs or setup, emergency cash you'll keep aside and 3 more.
Optional
$
What you're paying before closing costs.
$
Include land transfer tax and legal and lender fees. Enter the price first and we'll show the land transfer tax.
$
Work needed before renting, like paint, appliances or safety fixes. Enter 0 if none.
$
Enter 0 if you won't keep any aside.
%
Down payment rules for a rental can differ from a home you live in. Confirm with your lender.
%
A mortgage broker or your bank can tell you today's rates for a rental.
years
Financing figures are your assumptions, not a lender approval. This version handles one standard mortgage or an all-cash purchase. It doesn't cover a second mortgage, private or interest-only loans, or mortgage insurance added to the loan.
Prepared October 31, 2026. Yearly run-rate at the entered rents, in CAD, before income tax. Rates, rents, costs and rules may have changed since this date.
Not enough numbers yet.
18 entries are still needed for a full picture. You can save and come back once you have the bills, leases or quotes.
Assumptions
Purchase price
Not entered
Closing costs
Not entered
Immediate repairs or setup
Not entered
Emergency cash kept aside
Not entered
Financing
?% down, ?% rate, ? years, semi-annual compounding
Unit 1
Not entered
Other income
Not entered
Vacancy allowance
?%
Unpaid rent allowance
?%
Property tax
Not entered
Insurance
Not entered
Utilities
Not entered
Fees
Not entered
Other recurring
Not entered
Maintenance
Not entered
Management
?% of collected rent
Savings for big repairs
Not entered
Results
Monthly cash flow after mortgage and big-repair savings
Not available yet
Cash to get started
Not available yet
Net operating income (yearly)
Not available yet
Cap rate on purchase price
Not available yet
Cash-on-cash return
Not available yet
DSCR
Not available yet
Principal paid down, first 12 payments
Not available yet
Break-even gross income
Not available yet
Income 10% lower
Not available yet
Operating bills 10% higher
Not available yet
Mortgage rate 2 points higher
Not available yet
All of the above together
Not available yet
Want to talk through the property, financing or strategy? Reach Jeremy McGraw at connect.jeremymcgraw.ca.
Or email Jeremy at jeremy@remax519.com.
The Rental Check is here to help you work through the numbers on a property and learn along the way. It doesn't replace your own due diligence or professional advice, and the decision is always yours.
These are estimates
Calculations and results are estimates based on the information and assumptions you enter. Projections are not guarantees of future performance, and actual financing, renovation, operating, tax, legal, market and resale results may be different. Figures are before income tax unless noted.
Things change
Market conditions, lending requirements, interest rates, taxes, insurance, construction costs, rents and regulations can change at any time, including after an analysis or report is prepared.
Check the details
Independently verify property-specific information and do your own due diligence before you purchase, finance, renovate, refinance, sell or otherwise invest in real estate.
Who to check with
Confirm financing assumptions with a qualified mortgage professional or lender.
Confirm zoning, permitted use, building compliance, rental legality and development potential with the municipality and the right professionals. Adding a unit or rent here doesn't mean it's allowed.
Take tax and accounting questions to a qualified accountant.
Take legal questions, including tenancy matters, to a qualified lawyer.
Have construction, structural, environmental and building matters reviewed by a qualified contractor, engineer or inspector.
About the Rental Check
Results are a yearly run-rate at the rents you enter. They don't model lease-up time, renovation downtime, rent changes, appreciation, selling costs or income tax.
Current tenancies may not allow rents to change right away. Review leases and your obligations with a lawyer.
Rent evidence you describe as a lease or reviewed lease is your own description. It hasn't been verified by McGraw Real Estate.
This isn't advice
Jeremy McGraw, McGraw Real Estate and RE/MAX Capital Diamond do not provide legal, accounting, engineering, lending or other specialized professional advice through this tool. Nothing here is personalized investment advice or a recommendation to purchase, sell, renovate, finance or refinance a property. A report from this tool hasn't been reviewed or verified by anyone.
